Nationwide Companys chief financial officer resigns. After a personnel search, an investigation, and an interview, the board

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Nationwide Company’s chief financial officer resigns. After a personnel search, an investigation, and an interview, the board of directors hires Anton. Anton turns out to be dishonest. Nationwide’s shareholders sue the board. The board’s best defense is

a. the business judgment rule.

b. the directors’ duty of care.

c. the directors’ duty of loyalty.

d. a shareholder’s derivative suit.

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Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

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