The Business Judgment Rule in Florida -- on Paper and in the Trenches.

The article presents information about a rule related to business judgment in Florida. The rule provides protection to corporate directors from personal liability for most of their actions. In Florida, the business judgment rule evolved from common law. According to the rule in the state, a director has the obligation to discharge his duties in good faith, with ordinary care, and in a way in which the best interests of his company are ensured. However, if a director is found to be in breach of any of his duties, he is not necessarily considered to be liable for damages.