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 "text": "Under German law, directors' business decisions lose the protection of the business judgment rule where the business risk taken was inappropriately excessive, a standard German courts announced in ARAG/Garmenbeck.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
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 "citation": "Kaal, A Comparative Perspective on the Limitations of the Duty of Oversight – A Comment on Lisa Fairfax (2013)",
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  "name": "A Comparative Perspective on the Limitations of the Duty of Oversight – A Comment on Lisa Fairfax",
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 "abstract": "explained that if the \"business risk was inappropriately excessive,\" directors' business decisions are not protected under the 23 German business judgment rule.",
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