Year: 2025
Type: article
Abstract: The Business Judgment Rule is a well-known rule, but it has more than one possible meaning. It plays an important role in corporate law, and its relevance to other legal entities is also debated. This article focuses on its use in the administration of foundations, which are different in nature from business corporations. It also mentions the applicability of BJR in the administration of a Czech trust-like structure. The article concludes that the use of BJR is limited to decisions comparable to a business decision in a public limited company, but this does not remove some leeway in decision making.
Source: Trusts & Trustees
Authors: Bohumil Havel, Kateřina Ronovská
Institutions: Charles University, Masaryk University
Language: English
Subfield: Law
Field: Social Sciences
Domain: Social Sciences
Open Access status: hybrid
Estimated APC paid: $4,245
OpenAlex ID: W6921870049