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Tag Archives: Poor Business Decision
The Business Judgment Rule – a December 2011 Iowa Supreme Court Opinion
On December 16, 2011, the Iowa Supreme Court published its opinion in Robert Oberbillig et al. v. West Grand Towers Condominium Association, click here for the opinion. The case involved a legal question regarding whether the business judgment rule applies to actions of … Continue reading
Posted in Business Owner, Director, Intra-corporate dispute, Litigation, Officer, Shareholder
Tagged Board of Directors Protections, business, Business Judgment Rule, business owner's questions, condominium association, Good Faith Board Decisions, homeowners association, Iowa Business Law, Iowa Corporate Law, Iowa Directors, Iowa Law for LLCs, Iowa Supreme Court, Judge in the Board Room, nonprofit corporation, Poor Business Decision, Small Business Legal Considerations
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Can I Challenge Poor Decisions Made by my Business’ Management?
The Business Judgment Rule – a rule all business owners / shareholders should consider before challenging decisions made by a business’ management. Generally speaking, decisions made by a business’ management (officers / directors; member / managers) are protected from outside … Continue reading
Posted in Business Owner, Director, Litigation, Shareholder
Tagged Business Judgment, Business Judgment Rule, Business Owner, Business Owners, Director, Fiduciary Duty, manager, member, Officer, Poor Business Decision, Shareholder, shareholder's concerns, shareholder's questions, shareholder's rights
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