Exact(1)
"I would think there's a pretty good argument that the directors' judgment would be respected," Mr. Hamermesh said, if the judge believed that the board was convinced by genuine facts that the Oracle offer might be aborted by antitrust actions or that it posed a serious risk of driving down revenue because of disrupted customer confidence.
Similar(55)
We go by director's judgment.
"The lack of an arm's-length relationship can compromise a director's judgment," he said.
What determined the decision was the director's judgment that the public interest in saving British lives outweighed the public interest in pursuing BAE to conviction.
Tarantino's intentions in such dorky scenes are unknowable, maybe even to him, and all a critic can say is that the scenes don't work, that the director's judgment has gone south — that he's become an incoherent maker of pop collage, not of cinema.
As of Jan . 15 all such companies have been required to make director independence judgments on their proxies or file for "controlled company" status whereby one investor or entity presides over more than 50% of the votes.
"The board of directors made no judgment about the executives," Allen Andreas, 57, said last week.
How, you might well ask, could a director possibly pass judgment on anyone in "Vanya" when the characters are so busy finding their own fault with themselves?
Directors exercise their business judgment by evaluating all the information available.
Under Delaware's "business judgment" rule, directors are protected if they can be shown to have followed proper procedures and done so in good faith.
Aaron Shmulewitz, a co-op and condo lawyer not involved in the case, says the decision clarifies and extends the protections for co-op directors under the business judgment rule.
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