TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 CONT

Under the business judgment rule, the governing board of a corporation is free to use its own business judgment as to the use of corporate assets...  1, record 1, English, - business%20judgment

Record 1,  Textual support,  French

Record 1,  Textual support,  Spanish

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 DEF

The presumption that in making business decisions not involving direct self-interest or self-dealing, corporate directors act on an informed basis, in good faith, and in the honest belief that their actions are in the corporation's best interest.  2, record 2, English, - business%20judgment%20rule

Record number: 2, Textual support number: 1 CONT

Business judgment rule means that a court will not, with the benefit of hindsight, impugn a director's decision that was based on the director's informed and reasoned business judgment.  3, record 2, English, - business%20judgment%20rule

Record 2,  Textual support,  French

Record number: 2, Textual support number: 1 CONT

Ce qui est en jeu en l'occurrence, c'est la responsabilité des administrateurs(et des vérificateurs), mais une responsabilité qui ne compromette pas pour autant l'importante règle de l'appréciation commerciale.  3, record 2, French, - r%C3%A8gle%20de%20l%27appr%C3%A9ciation%20commerciale

Record number: 2, Textual support number: 1 OBS

Si les administrateurs prennent une décision de bonne foi, de manière informée et dans le meilleur intérêt de la compagnie, les tribunaux appliquent la règle de l'appréciation commerciale et ne tiennent pas les administrateurs personnellement responsables si cette décision ou les conséquences de cette décision tournent mal.  4, record 2, French, - r%C3%A8gle%20de%20l%27appr%C3%A9ciation%20commerciale

Record 2,  Textual support,  Spanish

Record 3,  Textual support,  English

Record number: 3, Textual support number: 1 DEF

... a body corporate the principal activity of which consists of (a) the offering of advice, or advising, on investments, or (b) the investment or control, in any way that involves an element of discretionary judgment by the body corporate, of money, property, deposits or securities that (i) are not owned by the body corporate, or (ii) are not moneys deposited with the body corporate in the ordinary course of business. [Bank Act].  2, record 3, English, - investment%20counselling%20and%20portfolio%20management%20corporation

Record 3,  Textual support,  French

Record number: 3, Textual support number: 1 DEF

Personne morale dont la principale activité consiste : a) à conseiller d’autres personnes en matière de placement; b) à son appréciation, à placer ou administrer des sommes d’argent, des dépôts, des valeurs mobilières ou d’autres biens qui ne lui appartiennent pas ou des fonds qui ne sont pas déposés auprès d’elle dans le cadre normal de son activité commerciale. [Loi sur les banques].  2, record 3, French, - soci%C3%A9t%C3%A9%20de%20conseil%20en%20placement%20et%20de%20gestion%20de%20portefeuille

Record 3,  Textual support,  Spanish