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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Essentials Of Business Law

ISBN: 9781337404198

6th Edition

Authors: Jeffrey F Beatty, Susan S Samuelson

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Question Posted: Aug 31, 2023 04:12 AM

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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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The question of whether an exculpatory clause like the one you mentioned in Facebooks charter is a reasonable standard is a matter of debate and can d...View the full answer

Essentials Of Business Law

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