Examlex
Select the correct description for each of the abbreviations.
-PERRLA
Business Judgment Rule
A principle that protects corporate executives from liability for decisions made in good faith and believed to be in the best interest of the company.
Stakeholders
Individuals or groups that have an interest or stake in the performance and decisions of an organization, project, or outcome.
Shareholders
Individuals or entities that own shares in a corporation, giving them ownership interests and rights within the company.
Sarbanes-Oxley
A federal law that set new or expanded requirements for all U.S. public company boards, management, and public accounting firms.
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