Dissertations / Theses on the topic 'The business judgement rule'
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Von, Durckheim-Montmartin Luise Alais. "Does South Africa need a statutory business judgement rule?" Diss., University of Pretoria, 2012. http://hdl.handle.net/2263/26628.
Full textDenzel, Stefanie. "Die Neutralitätspflicht im europäischen Übernahmerecht ein Vergleich mit dem US-amerikanischen System der modified business judgement rule." Hamburg Kovač, 2005. http://www.verlagdrkovac.de/3-8300-1995-5.htm.
Full textMatažinskaitė, Agnė. "Verslo sprendimo vertinimo taisyklės taikymo Lietuvos teisinėje sistemoje galimybės." Master's thesis, Lithuanian Academic Libraries Network (LABT), 2013. http://vddb.laba.lt/obj/LT-eLABa-0001:E.02~2013~D_20130626_185326-62941.
Full textThe aim of this paper is to examine the possibilities of application of the business judgement rule in Lithuanian legal system. In order to achieve this aim, the most prominent cases of application of the business judgement rule in different common and continental law countries are analysed. The paper also compares the conception of this rule in selected countries and in Lithuanian legal system. The analysis of the descriptions, although short, of the business judgement rule found in the works of Lithuanian scholars, has shown a dual approach to the application of the business judgement rule. The paper also raises the question of the existence of this rule in Lithuanian legal system. The analysis of the conception of business judgement rule has also demonstrated various attitudes to the application of this rule among foreign scholars. This rule can be regarded as standard of liability, indicating the way in which the members of the company’s management bodies have to perform their duties; as judicial abstention doctrine, preventing courts from evaluating and changing the essence of business decisions; even as doctrine of immunity. In addition, the business judgement rule consists of two components, including procedural and material ones. It is noted that the rule has different models of application depending on the way it is established in the legal system of a country. Such variation of attitudes to the business judgement rule determines the boundaries of its application... [to full text]
Sobczyk, Justyna Angelika. "La Business Judgment Rule : l'essai sur les sources de la règle." Thesis, Paris 1, 2015. http://www.theses.fr/2015PA010270/document.
Full textThe first source of the « business judgment rule » is the jurisprudence. The jurisprudence was the source of the « soft law » and « hard law » codifications. The research showed two types of formulations of the « business judgment rule ». The first type is the jurisprudence formulation lato sensu_and stricto sensu. The second type is the codification formulation (Mode) Business Corporation Act, Corporate Director's Guidebook, Principles of Corporate Governance, lois limitant la responsabilité personnelle des dirigeants). The research showed nine types of terms which may be found in the formulations of the « business judgment rule». The first four terms correspond respectively to (1) the powers of the governors of the corporation and their discretion ; (2) their status ; (3) their duties, and (4) the degree of their duties. This first type of terms constitutes the standard of conduct. The next five types of terms correspond respectively to (1) the right to the error; (2) the presumption of the conduct; (3) the refusal of judicial review; (4) the burden of proof; (5) the justification of the « business judgment rule ». This second type of terms constitutes the standard of revision. There are two fundamental differences between the formulations of the « business judgment rule ». The first difference is situated at the level of the conditions of application of the « business judgment rule », and concerns the relations between the standard of conduct and the standard of revision. The second difference is situated at the level of the effects of the « business judgment rule » and concerns the scope of judicial review
Van, Schoor Lindie. "Directors fiduciary duty to act in the best interest of the company - Is the business judgement rule being abused by directors to prevent liability?" Diss., University of Pretoria, 2020. http://hdl.handle.net/2263/77481.
Full textDissertation (LLM)--University of Pretoria 2020.
Mercantile Law
LLM
Unrestricted
Pessenbacher, Stephen. "An analysis of the amalgamation and merger procedure in South African company law." University of the Western Cape, 2017. http://hdl.handle.net/11394/6341.
Full textPrior to 2010, as a result of a sluggish global economy, the amalgamation and merger procedure in South Africa was active although it was at an all-time low.1 However, in 2010, there was an increase in amalgamation and merger activity in South Africa which was more pronounced in cross-border deals in South Africa and general corporate restructurings.2 As a result of this, as well as the developed infrastructure that was placed in preparation for the FIFA 2010 World Cup, the country attracted more and more foreign markets to invest in South Africa which contributed to the increasing rate of amalgamations and mergers.3 Nevertheless, the global recession has also contributed to the increase in amalgamations and merger activity as many companies in South Africa have merged to buck the negative trend that most companies find themselves in, increase their revenue and work with each other to advance the position of the company on a par with those of its competitors. However, there are various other reasons as to why companies consolidate their assets and liabilities. Recently, Tiso Blackstar, a merged investment holding company, consolidated their assets, liabilities and skills between Blackstar Plc and Tiso Investment Holdings to expand its operations and to seek investment opportunities in Africa which is boasting with economic growth.4 The company was of the opinion that the merger would not only enhance its scale and profitability, but it would also put the group on a new growth path.5 There are many benefits in which companies may reap from amalgamations and mergers, but elucidating them is beyond the scope of this research.
Schmidt, Philip Peter [Verfasser]. "Die Relevanz der Business Judgement Rule (§ 93 Abs. 1 S. 2 AktG) für die Vorstandsuntreue : Unter Rückschluss auf die Handhabung des Untreuetatbestands bei der Beurteilung unternehmerischer Vorstandsentscheidungen / Philip Peter Schmidt." Frankfurt : Peter Lang GmbH, Internationaler Verlag der Wissenschaften, 2015. http://d-nb.info/1080405348/34.
Full textPayet, Puccio Jose Antonio. "Transacciones entre partes relacionadas." IUS ET VERITAS, 2015. http://repositorio.pucp.edu.pe/index/handle/123456789/123670.
Full textKöhler, Karoline Henrike [Verfasser]. "Legal Judgement Rule : Konzeption zur Reformierung der Vorstandshaftung nach dem Aktiengesetz / Karoline Henrike Köhler." Frankfurt a.M. : Peter Lang GmbH, Internationaler Verlag der Wissenschaften, 2018. http://d-nb.info/1161046755/34.
Full textKöhler, Karoline H. [Verfasser]. "Legal Judgement Rule : Konzeption zur Reformierung der Vorstandshaftung nach dem Aktiengesetz / Karoline Henrike Köhler." Frankfurt a.M. : Peter Lang GmbH, Internationaler Verlag der Wissenschaften, 2018. http://nbn-resolving.de/urn:nbn:de:101:1-2018061315041421697670.
Full textZaplatílek, Jakub. "Návrh řešení Business Rule Engine." Master's thesis, Vysoká škola ekonomická v Praze, 2009. http://www.nusl.cz/ntk/nusl-11609.
Full textLin, Zhenphin. "Analytical review and auditor judgement : an empirical study." Thesis, Glasgow Caledonian University, 1996. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.309389.
Full textGhazali, Megat Mohamed. "Judgement analysis and decision making in property development." Thesis, Loughborough University, 1994. https://dspace.lboro.ac.uk/2134/28018.
Full textOlofsson, Marcus, and Bobby Puttonen. "Structure and professional judgement in audit planning." Thesis, Högskolan Kristianstad, Sektionen för Hälsa och Samhälle, 2011. http://urn.kb.se/resolve?urn=urn:nbn:se:hkr:diva-8462.
Full textNarmanli, Murat. "A Business Rule Approach To Requirements Traceability." Master's thesis, METU, 2010. http://etd.lib.metu.edu.tr/upload/12612399/index.pdf.
Full textrequirements traceability model. There are several researches regarding software requirements traceability problem. The main problem of these researches is that the proposed solutions can not be applied to software industry with affordable changes. However, current literature begins to see that describing all the software requirements in a huge black box is not so much applicable to today&rsquo
s more dynamic and bigger software projects, especially regarding change management. The proposed traceability model tries to be a solution to these problems. Change requests and business rules are two important and popular terms for today&rsquo
s software industry. The traceability model consists of three types of software requirements: data definitions, business rules and use cases. The traceability model proposes bidirectional traces between these types. Data definitions, business rules and use cases are related to each other and they all should be seen as parts of a software system which should work together to make the software system work properly. Empirical investigation is made on a real industrial software project. These types were configured in order to match to the project specific needs in a reconfigurable way. Experimental results show that the traceability model has an acceptable degree of correctness.
Ohlsson, Jesper. "Enforcing Business Rules in E-Business Systems : A Survey of Business Rule Engines." Thesis, University of Skövde, School of Humanities and Informatics, 2006. http://urn.kb.se/resolve?urn=urn:nbn:se:his:diva-22.
Full textE-business provides important opportunities of trade for businesses, and the supporting business system must handle this environment efficiently. One current trend in business systems is to move business logic, such as business processes and business rules, out from the application logic and into separate support systems. The reason to make this separation is to increase the agility of the business, to make the system able to change more rapidly when the business situation changes.
This report focus on business rules enforced in business rule engines. Specific interest is on how such rule engines meet the requirements of the e-business domain. The report presents an overview of business rule engines. Five general categories of characteristics are proposed. The proposed characteristics are then used in a comparison of three business rule engines.
Jena, Jan-Ole [Verfasser]. "Die Business Judgment Rule im Prozess : Eine prozessrechtliche Betrachtung der Business Judgment Rule und Beweislastverteilung im Organhaftungsrecht / Jan-Ole Jena." Baden-Baden : Nomos Verlagsgesellschaft mbH & Co. KG, 2020. http://d-nb.info/1212397061/34.
Full textResch, Sarah-Maria [Verfasser]. "Business Judgment Rule und Insolvenzverwalterhaftung / Sarah-Maria Resch." Baden-Baden : Nomos Verlagsgesellschaft mbH & Co. KG, 2019. http://d-nb.info/1195857543/34.
Full textLindström, Moa. "The Business Judgment Rule : Tillämpningen i svensk rätt." Thesis, Karlstads universitet, Handelshögskolan (from 2013), 2019. http://urn.kb.se/resolve?urn=urn:nbn:se:kau:diva-74699.
Full textSmith, John Reed. "The economic value of auditing under a negligence liability rule." Connect to resource, 1989. http://rave.ohiolink.edu/etdc/view.cgi?acc%5Fnum=osu1262787670.
Full textKošařová, Dita. "Postavení člena představenstva akciové společnosti po rekodifikaci." Master's thesis, Vysoká škola ekonomická v Praze, 2014. http://www.nusl.cz/ntk/nusl-193291.
Full textLiu, Youzhong. "Rule warehouse system for knowledge sharing and business collaboration." [Gainesville, Fla.] : University of Florida, 2001. http://etd.fcla.edu/etd/uf/2001/anp4027/Youzhong%5FLiu%5FDissertation.pdf.
Full textTitle from first page of PDF file. Document formatted into pages; contains xi, 121 p.; also contains graphics. Vita. Includes bibliographical references (p. 113-120).
Fischer, Stephan [Verfasser]. "Die Business Judgment Rule als typübergreifendes Institut. / Stephan Fischer." Berlin : Duncker & Humblot, 2018. http://d-nb.info/123844458X/34.
Full textSilva, Natália Cabral. "REFlex: rule engine for flexible processes." Universidade Federal de Pernambuco, 2014. https://repositorio.ufpe.br/handle/123456789/11954.
Full textMade available in DSpace on 2015-03-11T17:30:06Z (GMT). No. of bitstreams: 2 DISSERTAÇÃO Natália Cabral Silva.pdf: 2867606 bytes, checksum: 4e1c75788ce8db0420f34c1ca5195e63 (MD5) license_rdf: 1232 bytes, checksum: 66e71c371cc565284e70f40736c94386 (MD5) Previous issue date: 2014
Diante do ambiente complexo e dinâmico encontrado nas empresas atualmente, o sistema tradicional de Workflow não está sendo flexível suficiente para modelar Processos de Negócio. Nesse contexto, surgiram os Processos Flexíveis que tem por principal objetivo suprir a necessidade de modelar processos menos estáticos. Processo declarativo é um tipo de processo flexível que permite os participantes decidirem a ordem em que as atividades são executadas através de regras de negócio. As regras de negócio determinam as restrições e obrigações que devem ser satisfeitas durante a execução. Tais regras descrevem o que deve ou não deve ser feito durante a execução do processo, mas não definem como. Os métodos e ferramentas atualmente disponíveis para modelar e executar processos declarativos apresentam várias limitações que prejudicam a sua utilização para este fim. Em particular, a abordagem que emprega lógica temporal linear (LTL) sofre do problema de explosão de estados a medida que o tamanho do modelo do processo cresce. Embora mecanismos eficientes em relação a memória terem surgido, eles não são capazes de adequadamente garantir a conclusão correta do processo, uma vez que permitem o usuário alcançar estados proibidos ou que causem deadlock. Além disso, as implementações atuais de ferramentas para execução de processos declarativos se concentram apenas em atividades manuais. Comunicação automática com aplicações externas para troca de dados e reutilização de funcionalidade não é suportado. Essas oportunidades de automação poderiam ser melhor exploradas por uma engine declarativa que se integra com tecnologias SOC existentes. Este trabalho propõe uma nova engine de regras baseada em grafo, chamado de REFlex. Tal engine não compartilha os problemas apresentados pelas abordagens disponíveis, sendo mais adequada para modelar processos de negócio declarativos. Além disso, REFlex preenche a lacuna entre os processos declarativos e SOC. O orquestrador REFlex é um orquestrador de serviços declarativo, eficiente e dependente de dados. Ele permite que os participantes chamem serviços externos para executar tarefas automatizadas. Diferente dos trabalhos relacionados, o algoritmo de REFlex não depende da geração de todos os estados alcançáveis, o que o torna adequado para modelar processos de negócios grandes e complexos. Além disso, REFlex suporta regras de negócio dependentes de dados, o que proporciona sensibilidade ao contexto.
Declarative business process modeling is a flexible approach to business process management in which participants can decide the order in which activities are performed. Business rules are employed to determine restrictions and obligations that must be satisfied during execution time. Such business rules describe what must or must not be done during the process execution, but do not prescribe how. In this way, complex control-flows are simplified and participants have more flexibility to handle unpredicted situations. The methods and tools currently available to model and execute declarative processes present several limitations that impair their use to this application. In particular, the well-known approach that employs Linear Temporal Logic (LTL) has the drawback of the state space explosion as the size of the process model grows. Although approaches proposing memory efficient methods have been proposed in the literature, they are not able to properly guarantee the correct termination of the process, since they allow the user to reach deadlock states. Moreover, current implementations of declarative business process engines focus only on manual activities. Automatic communication with external applications to exchange data and reuse functionality is barely supported. Such automation opportunities could be better exploited by a declarative engine that integrates with existing SOC technologies. This work proposes a novel graph-based rule engine called REFlex that does not share the problems presented by other engines, being better suited to model declarative business processes than the techniques currently in use. Additionally, such engine fills this gap between declarative processes and SOC. The REFlex orchestrator is an efficient, data-aware declarative web services orchestrator. It enables participants to call external web services to perform automated tasks. Different from related work, the REFlex algorithm does not depend on the generation of all reachable states, which makes it well suited to model large and complex business processes. Moreover, REFlex is capable of modeling data-dependent business rules, which provides unprecedented context awareness and modeling power to the declarative paradigm.
Sailuenam, Kasem. "Business-government relations and income distribution in Chile post-military rule." Thesis, University of Essex, 2008. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.446018.
Full textClayton, John. "Interaction with rule-bound systems : introducing a new 'ideal type' problem context." Thesis, University of Hull, 2004. http://hydra.hull.ac.uk/resources/hull:7953.
Full textGollan, Anna Katharina. "Vorstandshaftung in der Stiftung eine Untersuchung zur Anwendbarkeit der Business Judgment Rule." Köln München Heymann, 2008. http://d-nb.info/993614892/04.
Full textWetherall, Jodie. "Investigation into an improved modular rule-based testing framework for business rules." Thesis, University of Greenwich, 2010. http://gala.gre.ac.uk/6602/.
Full textShi, Yuan. "Integrated verification of constraints and event-and-action-oriented business rules." [Gainesville, Fla.] : University of Florida, 2001. http://etd.fcla.edu/etd/uf/2001/anp1051/thesis%5Fyshi.pdf.
Full textTitle from first page of PDF file. Document formatted into pages; contains ix, 68 p.; also contains graphics. Vita. Includes bibliographical references (p. 64-67).
Mahmoud, Oubay. "Managerial judgement and the real options approach in the investment appraisal process : evidence from the British automotive components manufacturers." Thesis, Bournemouth University, 2008. http://eprints.bournemouth.ac.uk/10309/.
Full textAlqahtani, Ali. "Leveraging service-oriented business applications to a rigorous rule-centric dynamic behavioural architecture." Thesis, De Montfort University, 2010. http://hdl.handle.net/2086/4535.
Full textGöppert, Jan. "Die Reichweite der Business Judgment Rule bei unternehmerischen Entscheidungen des Aufsichtsrats der Aktiengesellschaft." Berlin Duncker & Humblot, 2009. http://d-nb.info/998768928/04.
Full textTaube, Carl-Tessen [Verfasser]. "Die Anwendung der Business Judgment Rule auf den GmbH-Geschäftsführer. / Carl-Tessen Taube." Berlin : Duncker & Humblot, 2018. http://d-nb.info/1238443117/34.
Full textAbazi, Dafine, and Ahmed Ali. "Conformity pressure and auditors’ judgement : How peers affect one another in audit firms in Sweden?" Thesis, Högskolan Kristianstad, Fakulteten för ekonomi, 2018. http://urn.kb.se/resolve?urn=urn:nbn:se:hkr:diva-18375.
Full textNagy, Sandra. "Hostile takeovers in the face of the Business Judgment Rule : A comparative analysis between Sweden and the United States of America in regard to the Business Judgment Rule and the Unocal test." Thesis, Uppsala universitet, Juridiska institutionen, 2016. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-306969.
Full textVid ett fientligt företagsförvärv i USA måste styrelseledamöterna visa att de uppfyller de krav som framställts genom Unocal-testet. Lyckas styreledamöterna uppfylla kraven så blir de skyddade från skadeståndsrättsligt ansvar i enlighet med the Business Judgment Rule, oavsett om beslutet ledde till en dålig affär. The Business Judgment Rule presumerar att styrelseledamöterna i god tro fattat ett välgrundat affärsbeslut som ligger i bolagets intresse. The Business Judgment Rule är unikt för amerikanska bolag. I Sverige utgår skadeståndsansvar för styrelseledamöter från en culpabedömning, vilket baseras på allmänna skadeståndsrättsliga principer då den aktiebolagsrättsliga skadeståndsdelen är begränsad. I denna uppsats redogörs de olika rättssystemen med fokus på likheter och skillnader i styrelseuppdraget. Vidare diskuteras styrelseledamöternas skadeståndsansvar utifrån ett amerikanskt och ett svenskt perspektiv. Slutligen visas det att det är svårt att se en svensk version till the Business Judgment Rule, men att en sådan troligen skulle vara att föredra då regeln ger effekter som bidrar till en bättre affärsvärld.
Wallisch, Kai [Verfasser]. "Unternehmerische Entscheidungen der Hauptversammlung : Die Anwendung der Business Judgment Rule auf Hauptversammlungsbeschlüsse / Kai Wallisch." Baden-Baden : Nomos Verlagsgesellschaft mbH & Co. KG, 2014. http://d-nb.info/1107604591/34.
Full textCrawford, Allan Charles. "Credit rationing with an individual short-side rule : estimation for business loans in Canada." Thesis, University of British Columbia, 1985. http://hdl.handle.net/2429/27060.
Full textArts, Faculty of
Vancouver School of Economics
Graduate
Suh, Jeong Eui. "Two essays on monetary policy under the Taylor rule." Texas A&M University, 2004. http://hdl.handle.net/1969.1/2748.
Full textPauck-Borchardt, JUrgen. "Business as usual -small and micro enterprise support versus traditional business practices in Western Namibia." University of Western Cape, 2001. http://hdl.handle.net/11394/7758.
Full textThis research describes the current situation of small and micro enterprises (SME) in Western Namibia, its problems and constraints, but also its potential for growth and its capacity for absorption of the unemployed particularly in the informal sector. The thesis addresses a set of problems, especially regarding research in the region, impact of apartheid rule on SMEs as well as lack of business acumen on micro level and the new government SME support strategy which is ignoring traditional differences in business practices on macro level.
Munnecom, Lorenna, and Miguel Chaves de Lemos Pacheco. "Exploration of an Automated Motivation Letter Scoring System to Emulate Human Judgement." Thesis, Högskolan Dalarna, Mikrodataanalys, 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:du-34563.
Full textLi, Sheng. "Introducing a rule-based architecture for workflow systems in retail supply chain management." Thesis, Högskolan i Borås, Institutionen Handels- och IT-högskolan, 2012. http://urn.kb.se/resolve?urn=urn:nbn:se:hb:diva-16404.
Full textProgram: Magisterutbildning i informatik
Michaels, Jon. "A comparison of two normative choice formulations: The Shapley Value versus the weighted additive rule." Diss., The University of Arizona, 1999. http://hdl.handle.net/10150/288952.
Full textCorea, Carl [Verfasser], Patrick [Gutachter] Delfmann, Matthias [Gutachter] Thimm, and Jan [Gutachter] Mendling. "Handling Inconsistency in Business Rule Bases / Carl Corea ; Gutachter: Patrick Delfmann, Matthias Thimm, Jan Mendling." Koblenz, 2021. http://d-nb.info/1225743869/34.
Full textGöppert, Jan [Verfasser]. "Die Reichweite der Business Judgment Rule bei unternehmerischen Entscheidungen des Aufsichtsrats der Aktiengesellschaft. / Jan Göppert." Berlin : Duncker & Humblot, 2010. http://d-nb.info/1238363865/34.
Full textXu, Yang. "Business rules based legacy system evolution towards service-oriented architecture." Thesis, De Montfort University, 2010. http://hdl.handle.net/2086/4399.
Full textMeng, Jie. "Achieving dynamic inter-organizational workflow management by integrating business processes, e-services, events, and rules." [Gainesville, Fla.] : University of Florida, 2002. http://purl.fcla.edu/fcla/etd/UFE1000143.
Full textTitle from title page of source document. Document formatted into pages; contains xii, 102 p.; also contains graphics. Includes vita. Includes bibliographical references.
Wijesekera, Dhammika Harindra, and n/a. "A form based meta-schema for information and knowledge elicitation." Swinburne University of Technology, 2006. http://adt.lib.swin.edu.au./public/adt-VSWT20060904.123024.
Full textLIN, CHIH-YANG, and 林志洋. "The Conflict and Reconciliation of the Business Judgement Rule in Taiwan." Thesis, 2017. http://ndltd.ncl.edu.tw/handle/9dmapd.
Full text東吳大學
法律學系
105
Business judgment rule, a legal concept originating from the laissez-faire in the 19th century of American society, was designed to alleviate the legal responsibilities of enterprise managers, thus encouraging them to make best use of their entrepreneurial spirit and innovative ability to maximize economic profits for the enterprises. In this historical context, the concept of business judgment rule materialized slowly but surely as more and more judgments were made using business judgment rule as a decisive criterion. There are countless cases relevant to business judgment rule and numerous researchers have studied the topics related to business judgment rule up until today. All researchers are equally concerned with business judgment rule, but they comprehend business judgment rule in different ways and are unable to agree on who is right and who is wrong. Similarly, all courts of the United States have different opinions in how to apply business judgment rule and to what extent the courts should step into the decisions made by the enterprises. Some judgments maintain the viewpoint that business judgment rule serves as A Standard of Liability for the directors, and with the business judgment rule, the court shall refrain itself from intervening into the enterprise’s operation and affairs. According to this viewpoint, stockholders have to put the proof to the court and prove the directors’ violation of their duty of good faith, duty of loyalty and duty of care when stockholders initiate lawsuit against the directors. If the court finds the accusation sustained by proof, the “presumption” of business judgment rule is overruled. Once the presumption is overruled, the burden of proof is shifted from the plaintiff to the defendant, and the defendant has to prove all decisions were made reasonably. Then, the court sets out to examine the merits and drawbacks of the decisions made by the directors objectively and reasonably. At the same time, some other judgments pronounced that business judgment rule served as a limitation for judicial review, and with the limitation, the courts have to follow A Doctrine of Abstention. Accordingly, the courts shall refuse to examine the merits and drawbacks of the decisions made by the directors if no fraud, unlawful conduct or conflict of interests are involved in the decisions made by the directors, unless the plaintiff can put the proof to the court. Based on the discussions stated above, the burden of proof is construed differently by different doctrines, and different courts maintained different viewpoints. According to Professor Bainbgidge, however, business judgment rule is construed as A Substantive Standard of Liability in the contemporary world, but as required by the essential requirements of business judgment rule, the court shall refuse to determine whether the directors have violated their duty of care once the court finds the business judgment rule is suitable for this particular case. Paradoxically, the plaintiff has the burden of proof in this particular case, and at the same time the court employs business judgment rule as its judicial scrutiny standard. There is no doubt the court has put the cart before the horse. As a matter of fact, once a plaintiff puts the proof related to the defendant’s violation of duty of care to the court, the court should determine whether the defendant has violated his duty based on facts. By doing so, the court can examine the merits and drawbacks of the decisions made by the directors using a reasonable standard. This study examined how business judgment rule is brought into play in Taiwan, and found business judgment rule is extensively applied to civil judgments in Taiwan. Many litigants resort to business judgment rule in the judicial proceedings of criminal cases, administrative judgments, even the resolutions passed by the Committee on the Discipline of Public Functionaries, in particular the criminal cases. There is no doubt that business judgment rule serves as a criterion for the courts in Taiwan to determine the “legality and rationality of directors’ conducts” and is construed as the essential substance for the courts to examine the elements of the cases. There is no doubt that business judgment rule has been improperly construed and used in Taiwan over the past years. When it comes to civil judgments, the legal effect of business judgment rule is often misunderstood because “business judgment rule” is misconstrued as the criterion to determine whether the directors have violated their “duty of care”, and based on the misconstrued business judgment rule, the courts determine whether the business policy at issue is reasonable. By doing so, business judgment rule serves one purpose only – to transfer the burden of proof – in Taiwan. As a result, the courts substantially examine the decisions made by the directors instead of “adhering to the spirit of business judgment rule without determining whether the directors’ conducts have violated their duty of care.” There is no doubt that the courts in Taiwan are running counter to the expectation. In conclusion, this study suggests that Taiwan should thoroughly examine the purpose, elements, legal effect of business judgment rule and thereby establish a comprehensive and practical procedure based on the essential requirements of business judgment rule for the courts to follow and for the directors to evaluate the risks associated with their duties.
Nethavhani, Khathutshelo. "The business judgement rule : undue erosion of director's duty of skill care and dilligence." Diss., 2015. http://hdl.handle.net/2263/50736.
Full textPAI, WEL-LING, and 白瑋伶. "The Function of the Business Judgement Rule in Breach of Trustfulness of Criminal Code." Thesis, 2015. http://ndltd.ncl.edu.tw/handle/58534263405125766544.
Full text國立臺北大學
法律學系一般生組
103
Business judgment rule is legal precedent and doctrine developed and assured in USA through judicial practice, and it serves a purpose to mitigate the duty of board member and to prevent the court of law to use the view point of wise-after-the-event to assess if there is any defect in the business decision made by the board members. In paragraph 1 of Article 23 of the Company Act in Taiwan, duty of care and duty of loyalty for the board members are specified, however, there is no laws related to business judgment rule, hence, there is still controversy between practice and doctrine regarding whether it should be introduced or not. Firstly, in chapter II I would like to analyzes Article 342 of Taiwan’s Criminal Code. Secondly, in chapter III, Introduce the basic concepts of the Business Judgment Rule, the application of the Business Judgment Rule will also be introduced in chapter IV.Finally , chapter V the application of the Business Judgment Rule in criminal breach of trust. chapter 6 is conclusion and suggestion, and a brief review will be made on the previous research result, finally, the final conclusions and suggestions for this paper will be proposed, and it is hoped that they can be used as references for the study of related topics in the future. This article also draws a conclusion that although the judge could not properly apply the Business Judgment Rule in criminal cases, they probably could still extract the elements of the Business Judgment Rule and transform them in the objective and subjective perspectives of criminal breach of trust. As a matter of fact, the Business Judgment Rule can reform the controversy if it is correctly applied by judges.