Examlex
Strategic planning has taken on new importance in today's world of globalization, deregulation, advancing technology, and changing demographics and lifestyles.
Business Judgment Rule
A principle of corporate governance that shields a corporation's board of directors from liability for decisions made in good faith, with due care, and in the best interests of the corporation.
Shareholder's Direct Suit
A legal action initiated directly by a shareholder against the corporation, typically for actions that have caused harm directly to the shareholder.
Right of Obedience
The obligation of a fiduciary or agent to act in accordance with the directives of the principal, provided these instructions are legal and ethical.
Preponderance of the Evidence
A standard of proof in civil cases, signifying that one side's argument is more likely true than not based on the evidence presented.
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