Examlex
Which statement is true?
Nonpublic
Information or entities not available or accessible to the general public, often pertaining to private or confidential matters.
Business Judgment Rule
A legal principle that protects corporate directors and officers from liability for decisions made in good faith and believed to be in the best interest of the company.
Duty of Due Diligence
An obligation to conduct a comprehensive appraisal of a business or individual prior to signing a contract, to avoid harm.
Declares a Dividend
When a company's board of directors announces the payment of a dividend, distributing a portion of earnings to shareholders.
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