Comparative law notes
Though encouraged by some Chinese judges, there are no judicial interpretations or written laws which adopt this principle into Chinese law.
商业判断原则
名词
neolog
business judgment rule
noun
Definitions of business judgment rule
a legal principle that frees company officers, directors, managers, and other agents from liability for corporate decisions made in good faith (=honestly, with good intentions) and with sufficient information
The business judgment rule cannot be applied where the decisions made have no legitimate business purpose.