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Theses

La Business Judgment Rule : l'essai sur les sources de la règle

Abstract : The first source of the « business judgment rule » is the jurisprudence. The jurisprudence was the source of the « soft law » and « hard law » codifications. The research showed two types of formulations of the « business judgment rule ». The first type is the jurisprudence formulation lato sensu_and stricto sensu. The second type is the codification formulation (Mode) Business Corporation Act, Corporate Director's Guidebook, Principles of Corporate Governance, lois limitant la responsabilité personnelle des dirigeants). The research showed nine types of terms which may be found in the formulations of the « business judgment rule». The first four terms correspond respectively to (1) the powers of the governors of the corporation and their discretion ; (2) their status ; (3) their duties, and (4) the degree of their duties. This first type of terms constitutes the standard of conduct. The next five types of terms correspond respectively to (1) the right to the error; (2) the presumption of the conduct; (3) the refusal of judicial review; (4) the burden of proof; (5) the justification of the « business judgment rule ». This second type of terms constitutes the standard of revision. There are two fundamental differences between the formulations of the « business judgment rule ». The first difference is situated at the level of the conditions of application of the « business judgment rule », and concerns the relations between the standard of conduct and the standard of revision. The second difference is situated at the level of the effects of the « business judgment rule » and concerns the scope of judicial review.
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Justyna Angelika Sobczyk. La Business Judgment Rule : l'essai sur les sources de la règle. Droit. Université Panthéon-Sorbonne - Paris I, 2015. Français. ⟨NNT : 2015PA010270⟩. ⟨tel-01957632⟩

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