| Fairness Standard and Business Judgment Rule |
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| FAIRNESS STANDARD FOR DIRECTORS More... |
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| Antitrust Liability Limitations for Standards Development Organizations |
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| Under the Standards Development Organization Advancement Act of 2004, a standards development organization (SDO) that registers with the Department of Justice and the Federal Trade Commission will not be subject to treble damage liability in private antitrust actions. Also, the rule of reason rather than a per se illegal analysis will be used in evaluating the anti-competitive effect of any alleged antitrust violations by a registered SDO. More... |
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| Criminal Liability of Officers and Directors for Corporate Antitrust Violations |
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| Criminal Liability of Officers and Directors for Corporate Antitrust Violations More... |
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| The Duty of Directors and Officers Regarding Corporate Opportunities |
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| The corporate opportunity doctrine provides that corporate directors and officers have an obligation not to take personal advantage of opportunities that may be to the advantage of their corporation. The doctrine follows from the duty of loyalty of directors and officers to the corporation. More... |
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| Reliance on Third-Party Advice or Information |
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| The duty of care requires directors to act in good faith and in a manner that they reasonably believe is in the best interest of the corporation. Directors must exercise informed business judgment and be attentive to the corporation's affairs. In order to do so, directors are required to keep themselves informed of all material information that is reasonably available to them before making a business decision. Directors also must use care when performing their duties. More... |
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