Facebooks charter has an exculpatory clause, which protects directors from liability unless they act in bad faith

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Facebook’s charter has an exculpatory clause, which protects directors from liability unless they act in bad faith or they intentionally engage in wrongdoing. Is that a reasonable standard?

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Business Law and the Legal Environment

ISBN: 978-1337736954

8th edition

Authors: Jeffrey F. Beatty, Susan S. Samuelson, Patricia Sanchez Abril

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Question Posted: Sep 21, 2024 09:01 AM

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Facebooks charter has an exculpatory clause, which protects directors from liability unless they act in bad faith or they intentionally engage in wrongdoing. Is that a reasonable standard?
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Facebooks charter has an exculpatory clause, which protects directors from liability unless they act in bad faith

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Business Law and the Legal Environment

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