Facebooks charter has an exculpatory clause, which protects directors from liability unless they act in bad faith
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Facebook’s charter has an exculpatory clause, which protects directors from liability unless they act in bad faith or they intentionally engage in wrongdoing. Is that a reasonable standard?
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The question of whether an exculpatory clause like the one you mentioned in Facebooks charter is a reasonable standard is a matter of debate and can d...View the full answer
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Related Book For
Essentials Of Business Law
ISBN: 9781337404198
6th Edition
Authors: Jeffrey F Beatty, Susan S Samuelson
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