Question: Help ASAP!!! This is the second time I post this question, please I need details, correct, unique answers, don't post solutions with handwriting please use
Help ASAP!!!
This is the second time I post this question, please
I need details, correct, unique answers,
don't post solutions with handwriting please use the keyboard,
Required 800 words.
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.
Q2) Describe how you would defend yourself using the Business Judgment Rule. what did you argue, what you have to do in order to make that product design decision the way you did without the liability. You have to make sure that you did a good job to gather all the information that should the design promote. Make sure to do the right decision. (make a decision competent, loyal, and in good faith to the corporation )
Required 800 words.
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