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The business judgment rule will apply to a CEO s decision as long as these elements occur: _ _ _ _ _ _ _ _

The business judgment rule will apply to a CEOs decision as long as these elements occur: ____________________.
the director or officer took reasonable steps to become informed about the matter
he or she had a rational basis for the decision
there was no conflict of interest between the director or officers personal interest and that of the corporation
all of the above

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