Author Question: Application of the business judgment rule to a board's decision presumes all of the following ... (Read 195 times)

BrownTown3 · **on:** Jun 24, 2018

Application of the business judgment rule to a board's decision presumes all of the following except: ______.
A) that the board's decision was profitable to the corporation
B) that the board acted on an informed basis
C) that the board acted in good faith
D) that the board believe it was acting in the best interest of the corporation

Question 2

The Sarbanes-Oxley Act prohibits all corporate loans to directors and executive officers unless: ______.
A) the company is in the consumer credit business.
B) the loan is to relocate as part of an employment contract.
C) the loan is made to purchase securities.
D) none of these, as all loans are prohibited.