# kaal:claim:1558614-006

**Claim.** Although the business judgment rule is articulated differently in the two countries and German law leaves somewhat more room to challenge risky decisions, in both the United States and Germany the rule is highly protective of corporate managers.

**Type.** empirical  **Support.** argued

**Source quote.**

> the business judgment rule is articulated differently in the United States and in Germany, and there may be more latitude to challenge some risky decisions in Germany, but in both countries the rule is highly protective of corporate managers

**From.** Painter and Kaal, *Initial Reflections on an Evolving Standard Constraints on Risk Taking by Directors and Officers in* (2010), I.B. The Issues Confronting the United States and Germany, page 10

**Cite as.** Painter and Kaal, Initial Reflections on an Evolving Standard Constraints on Risk Taking by Directors and Officers in (2010). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1558614

**Verify.** sha256 of source PDF `e898211630f4116879329d6de8397523dca5b066864147421aa5cbc7429dc83b` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Painter%20and%20Kaal%20-%202010%20-%20Initial%20Reflections%20on%20an%20Evolving%20Standard%20Constraints%20on%20Risk%20Taking%20by%20Directors%20and%20Officers%20in.pdf

**Topics.** corporate-governance, law-and-legal-systems

**Keywords.** business-judgment-rule, comparative-corporate-law, director-liability, germany-united-states

**Superseded by.** A later claim revises this one. Prefer quoting: https://wulfkaal.github.io/claims/kaal-2013-acomparativeperspectiveo-011

**Related claims.**

- supported_by: https://wulfkaal.github.io/claims/kaal-2013-acomparativeperspectiveo-012
- generalizes: https://wulfkaal.github.io/claims/kaal-2013-acomparativeperspectiveo-013
- generalizes: https://wulfkaal.github.io/claims/5583610-032
- extended_by: https://wulfkaal.github.io/claims/kaal-2013-acomparativeperspectiveo-018
- generalizes: https://wulfkaal.github.io/claims/kaal-2013-acomparativeperspectiveo-017

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