SEU Business Judgement Rule Case Study

ASSIGNMENT INFORMATIONDue Date
Sunday, April 24, 2022
11:59 PM
Case Study
Points Possible
15
You are the Chairman of the Board of a well-known, publicly traded corporation. You are personally responsible for convincing the
Board to fund a new product design that ultimately failed when it was placed on the market, causing extreme losses for the
corporation. The shareholders now want to hold you personally responsible for all the losses to the corporation and have filed a
derivative lawsuit in the name of the corporation in which you are the defendant. Please describe how you would defend yourself using
the Business Judgment Rule. Create and describe any facts you think will support your position under this Rule. Limit your facts to only
those that will support your position under this Rule and no others.
Action Items
1. Read the case study above.
2. By the due date, submit your answers to the case study questions. Justify your answers.