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Accounting/Business Law 13. A director may make business decisions in reliance on information provided to him by legal counsel or public accountants without incurring liability
Accounting/Business Law
13. A director may make business decisions in reliance on information provided to him by legal counsel or public accountants without incurring liability for negligence as long as he: a.notifies the preparer of the information. b.reasonably believes that the matters are within the persons professional competence. c.conducts his own independent investigation. d.is given a sworn affidavit by the preparer. e. he has to do all of the above. f. he has to do d and a.
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