This CLE program provides an overview of the Business Judgment Rule (“BJR”) and its role as a critical safeguard for corporate directors and officers. The course will begin with a refresher on fiduciary duties before examining how the BJR operates in practice and how different states formulate and apply the doctrine. Attendees will gain practical guidance on navigating corporate decision-making while remaining within the protections of the rule. The program will also explore key protections available to directors and strategies for minimizing liability exposure in corporate governance matters.
Syllabus
- Overview of the Business Judgment Rule (“BJR”)
- Refresher on Fiduciary Duties
- How the Business Judgment Rule Works in Practice
- State-by-State Formulations and Applications of the BJR
- Practical Guidance for Applying the BJR in Corporate Practice
- Protections and Liability Safeguards for Directors