B is for Business Judgment Rule
This is the second episode in a Startup Law A to Z series where I'm going to be explaining an important topic starting with each letter of the alphabet and the legal aspect related to it... at least the parts you need to know. A real quick disclaimer though - while I am a lawyer, I'm not your lawyer and this is not legal advice. The information provided on this podcast is for informational and entertainment purposes only.
So, on today's episode, we're going to be discussing the Business Judgment Rule. The information I'm providing will be related to Delaware corporations specifically, but you may find it generally to be either correct or at least a good rule of thumb for other locations..