Examlex
Speakers should limit text to key words and phrases when using computer-generated presentation aids.
Corporate Duties
Responsibilities and obligations that members of a corporation, typically directors and officers, are required to follow in the interest of the corporation.
Business Judgment Rule
A legal principle that protects the decisions of corporate officers and directors when they act in good faith and with a reasonable basis in belief of acting in the best interest of the corporation.
Liability
A legal responsibility or obligation, typically involving financial compensation for loss or damage caused to another party.
Corporate Officer
An individual holding an executive position within a corporation, often vested with specific powers and responsibilities by the bylaws or board of directors.
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