The Business Judgment Rule Requires Informed, Reasoned and Good Faith Decision-Making
Wednesday, 24 October 2018
By Grant Turner, Esq. To paraphrase the famous quip, “good judgment comes from experience, and experience comes from poor judgment.” Such witticism is embodied in the legal doctrine known as the Business Judgment Rule. Since Lamden v. La Jolla Shores Clubdominium Homeowners Assn. (1999) 21 Cal.4th 249, the Business Judgment Rule has been used to
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