Although the business judgment rule provides broad protections, it is not absolute and can be overcome when directors' actions fall outside of the bounds of acceptable corporate behavior. In her ...

Corporate directors have long relied on the “business judgment rule,” under which their decisions are presumed to have been made “on an informed basis, in good faith, and in the honest belief that the ...

The business judgment rule protects directors from personal liability if the board errs, and courts have repeatedly given wide deference to HOA decisions made within the rule. However, its protections ...