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A SelectSmart.com Flowchart by mongo. See mongo's 4me blog page.
Viewed 802 times. Created June 2017.

Information and items from Amazon.com you may find helpful. This SelectSmart.com Law flowchart, a free online decision tool is a creation of mongo and for amusement purposes only. The implicit and explicit opinions expressed here are the author's. SelectSmart.com does not necessarily agree.
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BJR and the Entire Fairness Doctrine

                 
S/H challenges BoD decision. Burden of proof is on the plaintiff. π alleges violation. Does π meet the burden of proof?
YES
Did BoD violate Fiduciary Duty of Care?
NO
Did BoD violate Fiduciary Duty of Loyalty?
NO
Did BoD violate Fiduciary Duty of Good Faith?
NO
 

NO


YES


YES


YES


Business Judgement Rule applies to protect BoD on the decision
Do Articles of Incorporation have exculpation clause?
 
 
 



YES






 
BoD is protected