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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

Question

Subject: Directors, Trustees, and Officers

Scenario: ABC Corporation is a publicly listed company engaged in manufacturing and distribution of consumer goods. The corporation is facing financial difficulties and needs to make critical decisions to ensure its survival and avoid bankruptcy.

1. As a director of ABC Corporation, explain the concept of the Business Judgment Rule and discuss its importance in making decisions for the company.

2. Identify and discuss at least three factors that directors should consider when applying the Business Judgment Rule in the given scenario.

  1. Factor 1
  2. Factor 2
  3. Factor 3


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Bar Review Question: Subject: Directors, Trustees, and Officers Scenario: ABC Corporation is a publicly listed company