Examlex
Andy's friends say he does not have much common sense, but he gets excellent grades in high school. Andy is probably high in
Board of Directors
A group of elected individuals who represent shareholders' interests, oversee management, and make strategic decisions for a corporation.
Business Judgment Rule
A legal principle that protects corporate directors and officers when making business decisions, assuming those decisions are made in good faith and with due care.
Duty of Care
The legal obligation of a person to exercise a reasonable standard of care while performing any acts that could foreseeably harm others.
Officer
An individual appointed or elected to an executive position within an organization, often with specific duties and responsibilities.
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