In BCE, the Supreme Court of Canada made it clear that the decisions of directors are to be given great weight. Provided directors follow the proper process and have regard to the interests of all stakeholders affected by their decisions, their balancing of conflicting stakeholder interests in determining the best interests of the corporation will be treated as a matter of business judgment not to be overturned by the courts unless it falls outside the range of reasonableness. What is meant by business judgment? The Supreme Court of Canada confirms the importance of process in directors’ decision making. What are the key elements of that process? In other words, what steps can directors take to lessen the chances of a court second-guessing their decisions?