• Knock_Knock_Lemmy_In@lemmy.world
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    29 days ago

    Grobow v. Perot, 539 A.2d 180 (Del. 1988).

    Directors in a business should:

    • act in good faith;
    • act in the best interests of the corporation;
    • act on an informed basis;
    • not be wasteful;
    • not involve self-interest (duty of loyalty concept plays a role here).