The Statutory Business Judgment Rule: Putting the Wind into Directors’ Sails

Greenhow, Annette

doi:10.53300/001c.5340

Cited by 3 publications

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“…Kedua, telah ada perlindungan yang cukup dalam UUP khususnya ss1318 dan 1317A the Corporations Act 2001. Dan ketiga, pengadilan menolak mengawasi keputusan bisnis yang dibuat dewan direktur (Greenhow, 1999)…”

Section: A Pendahuluanunclassified

Ketentuan Dan Pelaksanaan Business Judgement Rule Di Amerika, Australia Dan Indonesia

Rissy

2020

Masalah Masalah Hukum

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Tujuan studi ini ialah membahas ketentuan dan penerapan business judgment rule (BJR) di Amerika Serikat (AS), Australia dan Indonesia dimana secara khusus menganalisis bagaimana dan kapan pengadilan memeriksa BJR dan bagaimana BJR diatur dalam hukum perusahaan. Studi ini menunjukan bahwa di AS dan Australia elemen BJR telah menjadi sebuah statutory obligation. Keputusan bisnis direktur telah diadili pengadilan dalam tradisi common law dan kini diatur secara tegas bahwa keputusan bisnis bisa diadili jika terdapat pelanggaran duty of care dan tugas fidusia direktur. Indonesia juga mengadopsi BJR dalam Undang-Undang Perseroan Terbatas 2007 namun pengadilan jarang menguji BJR. Terkait adopsi BJR, studi ini mengindikasikan bahwa adopsi tersebut masih menyisakan sejumlah persoalan mendasar. Oleh karena itu, direkomendasikan agar pengaturan BJR perlu dilakukan secara lebih sistematis.

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Section: A Pendahuluanunclassified

Ketentuan Dan Pelaksanaan Business Judgement Rule Di Amerika, Australia Dan Indonesia

Rissy

2020

Masalah Masalah Hukum

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An Examination of the Relevance of the Codification and Application of the American Business Judgment Rule to Nigerian Corporate Law

Ubochioma

2020

J. Afr. law

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Abstract The business judgment rule is an ancient doctrine that was developed in the US. It seeks to prevent courts from reviewing directors’ decisions, on the basis that directors have the capacity and expertise to make business decisions. This article examines the desirability of applying the US business judgment rule in Nigeria. Through a comparative analysis, it argues that the peculiarities of Nigeria's corporate law and environment do not justify the application of the rule. More specifically, it contends that differences in the legal regime for derivative suits, standards of duty of care and skill, corporate law culture, and the distinct epoch in which the business judgment rule and the duty of care and skill were recognized in the US, make its application unnecessary in Nigeria. It concludes that the current statutory duty of care and skill should be retained to hold directors accountable for reckless business decisions.

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Business judgment rule application in company: a comparison based on the case in Indonesia and Malaysia

Sudarna

Najwan

Muskibah

et al. 2019

IOP Conf. Ser.: Earth Environ. Sci.

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This article aims to analyze and compares the business decision in the value of justice in any case of the company losses according to the company law in Indonesia and Malaysia. Narrative review based on the study cases was used to make a comparison and conclusion regarding the problem. Based on several cases in Indonesian and Malaysian court regarding the director and non-director officer’s decision that leads to company loss, it has been proven that Indonesia did not implement the protection for the directors even the decision is proven for the sake of the company. This makes the directors and officers became hesitant due to the fear of not having protection against the lawsuit should their decision causing deprivation for the company. Meanwhile, in Malaysia, the court has full protection for the director should their decision were proven for the sake of saving the company. Thus, it can be concluded that Indonesia has not fully implemented the business judgment rule compared to Malaysia.

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The Statutory Business Judgment Rule: Putting the Wind into Directors’ Sails

Cited by 3 publications

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Ketentuan Dan Pelaksanaan Business Judgement Rule Di Amerika, Australia Dan Indonesia

Ketentuan Dan Pelaksanaan Business Judgement Rule Di Amerika, Australia Dan Indonesia

An Examination of the Relevance of the Codification and Application of the American Business Judgment Rule to Nigerian Corporate Law

Business judgment rule application in company: a comparison based on the case in Indonesia and Malaysia

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