New Law Protects Companies from Board of Directors' Bad Business Decisions
The article discusses the Business Judgment Rule in the Law Number 1 year 1995 regarding Limited Liability Company. It explains that the Board of Directors plays a crucial role in managing a company and making business decisions on its behalf. The Business Judgment Rule doctrine protects the board from liability for decisions made in good faith, but it can also be misused. The article aims to provide guidelines for applying this doctrine in order to ensure that it is used appropriately and in the best interest of the company.