Business Judgment Rule and the Iris Corporation case — WLPTA Practically Speaking Series by Chithra Ganesalingam

Has The Business Judgment Rule (BJR) As Clarified In Iris Corporation Case Eased The Decision-Making Process For Companies?

Events & Media, Practically Speaking Series

Practically Speaking Series The Malaysian courts, recently in the case of Iris Corporation[1] and earlier in the case of Petra Perdana[2], affirmed that directors should not be exposed to personal liability for every unsuccessful business decision. These decisions have forged a coherent and modern articulation of the business judgment rule (BJR) which is embodied in…