Examlex
Explain why an organization needs a strategic vision. What purpose does a strategic vision serve?
Duty of Loyalty
An obligation of individuals in fiduciary positions to act in the best interests of their company or clients.
Ethically Allowed
Actions or decisions that are permitted based on moral or ethical principles.
Unocal Rule
A legal standard from a Delaware Supreme Court case that gives boards of directors a framework for resisting takeover bids.
Business Judgment Rule
A legal principle that shields corporate directors and officers from liability for decisions made in good faith but that ultimately resulted in loss or damage.
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