All ▸ Bar 2024 ▸ COMMERCIAL AND TAXATION LAWS ▸ I. CORPORATION LAW (R.A. No. 11232, Revised Corporation Code) ▸ D. Directors, Trustees, and Officers ▸ 10. Business Judgment Rule 2

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Director X is a member of the board of directors of Company Y, a publicly listed corporation in the Philippines. The board of directors is faced with a crucial decision regarding a potential business opportunity. Director X believes that pursuing the opportunity would be highly profitable for the company and would benefit the shareholders. However, Director X is also aware that there are certain risks and uncertainties associated with the opportunity.

Discuss the application of the Business Judgment Rule in evaluating Director X's decision-making process and potential liability.

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