Search

The Business Judgment Rule (BJR) is a rule developed by the case law of the American courts that establishes that judges will respect directors' business decisions, as long as they made an informed decision, in the best interest of the company and without violating the law or breaching their fiduciary duties. This paper reviews the application of the BJR in Colombia and the unsuccessful bills presented on this matter. In addition, it aims to analyze the economic implications of its adoption and, through a qualitative methodology and from a law and economics perspective, demonstrates its significant macroeconomic and microeconomic benefits. [ABSTRACT FROM AUTHOR]

The purpose of this paper was to assess the factor structure of the Spanish Burnout Inventory (SBI) in a multi-occupational sample of Colombian workers. On the basis of previous results and the factor structure of the instrument, a four-factor model was hypothesized. The sample consisted of 153 Colombian workers from different occupational sectors. The SBI was applied. This instrument is composed of 20 items distributed in four dimensions: Enthusiasm toward the job (5 items), Psychological exhaustion (4 items), Indolence (6 items), and Guilt (5 items). The psychometric properties were examined by confirmatory factor analysis (CFA) and the reliability was tested by Cronbach's alpha. The items presented adequate statistical and psychometric values, as well as the scales. The model presented an acceptable fit to the data: GFI = .858, RMSEA = .066(.051-.079), NNFI = .913, CFI = .927. Reliability was adequate for all scales (α = .79 to α = .87). The results indicate that the SBI is an instrument with psychometric validity to assess the burnout in the Colombian cultural context. [ABSTRACT FROM AUTHOR]