# kaal:claim:1558614-024

**Claim.** Under the German business judgment rule's benefit of the corporation element, management cannot be acting for the corporation's benefit when its actions threaten the corporation's existence and economic survival.

**Type.** condition  **Support.** asserted

**Holds when.**

- German business judgment rule, second element

**Source quote.**

> management does not act for the benefit of the corporation if its actions threaten the existence and economic survival of the corporation

**From.** Painter and Kaal, *Initial Reflections on an Evolving Standard Constraints on Risk Taking by Directors and Officers in* (2010), IV.B.2. For the Benefit of the Corporation, page 30

**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

**Keywords.** business-judgment-rule, german-corporate-law, corporate-survival, director-duties

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/kaal-2013-acomparativeperspectiveo-013
- extended_by: https://wulfkaal.github.io/claims/kaal-2013-acomparativeperspectiveo-012

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.