1 What Is The Relationship Between The Business Judgment Rule And Fiduciary Duty

1.    What is the relationship between the “business judgment rule” and “fiduciary duty,” and please explain how – taken together – they provide a description of the legal relationship between executives and owners of a corporation. Can the law really create a role – the fiduciary – in which the executive acts as a “reasonably prudent owner” would act? Use examples to illustrate your points.

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