Directors Are Personally Liable for Errors in Business Judgment

question 85

True/False

Directors are personally liable for errors in business judgment.

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Definitions:

Time Horizons

The length of time over which an individual, organization, or project plans or expects to operate or impact.

Intermediate Plans

Plans designed to be executed within a medium-time frame, commonly between one to five years, bridging the gap between short-term actions and long-term objectives.

Long Term Plans

Strategic plans outlined by an organization to achieve specific goals or visions in the future, typically over several years.