In CASE 20.4 In re Abbott Laboratories Derivative Shareholders Litigation (2003), the shareholder-plaintiffs alleged the corporate directors breached their duty of good faith through their failure to follow up on repeated notices of regulatory noncompliance. How did the court rule?
a. The court ruled the directors were not liable and did not breach any duty of good faith because they were unaware of the issues, and accepted corporate governance procedures did not require the disclosure of the noncompliance notices to them.
b. The court ruled the directors could not be held liable because the corporation's certificate of incorporation exempted directors from liability for breach of the duty of care.
c. The court ruled the business judgment rule applied and that the plaintiffs' allegations could not withstand the protection of that rule.
d. The court ruled the plaintiffs sufficiently pleaded allegations that, if true, constituted a breach of the duty of good faith leading to the directors' actions falling outside the protection of the business judgment rule.
d
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What is materials management?
A. The purchasing of goods and services to meet the needs of the supply chain. B. Includes activities that govern the flow of tangible, physical materials through the supply chain such as shipping, transport, distribution, and warehousing. C. Occurs when distorted product-demand information ripples from one partner to the next throughout the supply chain. D. Includes the processes that control the distribution, maintenance, and replacement of materials and personnel to support the supply chain.
Montana Company reported the following operating results for Year 1 and Year 2:Year 1Amount% of SalesSales$ 800,000?Cost of goods sold___440,000?Gross margin360,000?Operating expenses___225,000?Income before taxes135,000?Income taxes____40,000?Net income$ 95,000?Year 2Amount% of SalesSales$ 960,000?Cost of goods sold___635,000?Gross margin325,000?Operating expenses___275,000?Income before taxes50,000?Income taxes____15,000?Net income$ 35,000?Required:Express each income statement component for each year as a percentage of sales. Round your answer to one decimal place (i.e. 22.5%)
What will be an ideal response?
Use the information in Case 6.2. How many Kanban containers would Jewel require if a 10% policy variable is used?
A) three or fewer B) four or five C) five or six D) six or seven
Discuss the security implications of cloud-based ERP systems
What will be an ideal response?