The business judgment rule (BJR) is a U.S. corporate law concept that has gained international recognition. It has been moulded, particularly in the definition of the Delaware courts, to protect the managerial business discretion, in other words to protect directors’ decisions from judicial review. Corporate social responsibility (CSR) questions the relationship between corporation with a business purpose and society. More and more attention is drawn to the various impacts of corporate decisions on society, asking for the necessity for directors to take these impacts into consideration when making business decisions. At the centre of CSR and the BJR are the fiduciary duties of the directors — the duty of diligence and the duty of care — and the question as to if the directors have breached their duties and if they have fulfilled them in a CSR compatible manner. This paper discusses how the BJR helps promoting CSR by discussing the advantages and disadvantages (real or apparent) of the BJR with respect to CSR.","articleId":12157,"titleEn":"DOES THE BUSINESS JUDGMENT RULE HELP PROMOTE CORPORATE SOCIAL RESPONSIBILITY?","doi":"10.3868/s050-004-015-0003-8"}}; if(metaData && metaData.article && metaData.article.abstractEn && !metaData.article.highlightEn){ if(metaData.article.abstractEn.match(/^

\s*\s*\s*.*?<\/ItemContent>\s*<\/ListItem>\s*<\/List>\s*<\/p>/g)){ //metaData.article.highlightEn = metaData.article.abstractEn.substring(0,metaData.article.abstractEn.indexOf("")+"".length); var _abstractEn = metaData.article.abstractEn; metaData.article.abstractEn = metaData.article.abstractEn.replace(/^

\s*\s*\s*.*?<\/ItemContent>\s*<\/ListItem>\s*<\/List>\s*<\/p>/g,""); metaData.article.highlightEn = _abstractEn.substring(0,_abstractEn.indexOf(metaData.article.abstractEn)); } } new mag_vue({ el: '#metaVue', //dataUrl: mag_currentQikanUrl() + '/EN/article/getRichHtmlJson.do?articleId='+$("#articleId").val(), data:metaData, loading:true, doTextFun:function(text){ return doDataJsonText(text,metaData); }, doAfterFun:function(selector,jsonData){doMagVueAfter(selector,jsonData);} }); var pars = {attachType:'PDF',id:$("#articleId").val(),json:true}; jQuery.post($("#mag-common-contextPath").val()+"/EN/article/showArticleFile.do?" + new Date().getTime(), pars, function(data){ var json=null; if(data.match(/^\[json\].*/g)){ json=eval("("+data.replace(/^\[json\]/g,"")+")"); } if(json && json.status == 1){ //有权限 }else{ //无权限 $("#no-access-div").show(); } }); mag_ajax({ url:mag_currentQikanUrl() + '/EN/article/getRichHtmlJsonToken.do', data:{articleId:$("#articleId").val()}, dataType:"json", async:false, success:function(jsonToken){ mag_ajax({ url:mag_currentQikanUrl() + '/EN/article/getRichHtmlJson.do', data:{articleId:$("#articleId").val(),token:jsonToken.token,referer:document.referrer}, dataType:"json", async:false, success:function(json){ if(json.article){ if(json.article.body && json.article.body.secL && json.article.body.secL.length && json.article.body.secL.length>0){ //隐藏掉第一段标题=‘Contents’的sec var sec = json.article.body.secL[0]; if(sec.type=='sec' && $.trim(sec.title)=='Contents'){ json.article.body.secL.splice(0,1); } } new mag_vue({ el: '#bodyVue', data:json, doTextFun:function(text){ return doDataJsonText(text,json); }, doAfterFun:function(selector,jsonData){doMagVueAfter(selector,jsonData);} }); //去掉参考文献label中多余的中括号 $(".main_content_center_left_one_cankaowenxian_tab_td").each(function(){ $(this).html($(this).html().replace(/(\[)+/g,'[').replace(/(\])+/g,']')); }); //将uri标签变成a链接 $("uri").each(function(){ var href = $(this).html(); var uriA = document.createElement("a"); uriA.setAttribute("href",href); uriA.setAttribute("target","_blank"); uriA.innerHTML=href; $(this)[0].parentNode.replaceChild(uriA,$(this)[0]); }); } } }); } }); //footnote $(".mag-xml-fn-sub").click(function(){ var uuid = $(this).attr("id").replace("mag-xml-fn-sub-",""); var contentId = "mag-xml-fn-content-"+uuid; piaofuFn(this,contentId); }); //altmetric if($.trim($("#article_doi").val())!=''){ mag_ajax({ url:mag_currentQikanUrl()+"/EN/article/getArticleAltmetricToken.do", data:{articleId:$("#articleId").val()}, dataType:"json", success:function(jsonToken){ mag_ajax({ url:mag_currentQikanUrl()+"/EN/article/getArticleAltmetric.do", data:{articleId:$("#articleId").val(),token:jsonToken.token}, dataType:"json", success:function(json){ if(json && json.request && json.request.doi){ window.altmetric_request=json.request; $.ajax({ url:'https://api.altmetric.com/v1/doi/'+$.trim(json.request.doi)+'?callback=altmetric_callback', dataType:'jsonp', jsonp:'callback', jsonpCallback:'altmetric_callback' }); } if(json && json.request && json.request.current_art){ // }else if(json && json.score){ showAltmetric(json.score,json.detailsUrl); } } }); } }); } //正文标题加编号 if(metaData.hasBodySecLabel){ //已经存在编号 }else{ var secNum=new Array(); var lastLevel=1; var secIndex=0; $(".mag_rich_body_title").each(function(){ secIndex++; if(secIndex==1 && $.trim($(this).find(".body_sec_title").html())=='Contents'){ // }else{ var level = parseInt($(this).attr("level")); if(level == lastLevel){ if(secNum[level-1]){ secNum[level-1] = secNum[level-1]+1; }else{ secNum[level-1] = 1; } var s = ''; for(var i=0;i lastLevel){ secNum[level-1]=1; var s = ''; for(var i=0;i0){ window.setTimeout(function(){ var script = document.createElement("script"); script.type = "text/javascript"; script.src = "https://js.trendmd.com/trendmd.min.js"; script.setAttribute("defer",""); script.setAttribute("data-trendmdconfig",'{"journal_id":"'+$("#trendmd-journal-id").val()+'", "element":"#trendmd-suggestions"}'); document.getElementsByTagName("head")[0].appendChild(script); },1); } window.autoMenuFlag=true; }); function altmetric_callback(json){ if(json && json.score){ //window.altmetric_request 信息提交到服务器 mag_ajax({ url:mag_currentQikanUrl()+"/CN/article/submitArticleAltmetricInfo.do", data:{articleId:window.altmetric_request.articleId,token:window.altmetric_request.token,altmetricInfo:JSON.stringify(json)}, errorAlert:false }); if(window.altmetric_request.current_art){ var score = json.score; if(json.score - parseInt(json.score) > 0){ showAltmetric(parseInt(json.score)+1,json.details_url); }else{ showAltmetric(parseInt(json.score),json.details_url); } } } } function showAltmetric(score,detailsUrl){ $("#altmetric-score").html(score); $(".main_content_center_right_duoweidu_div").css("width","25%"); $("#altmetric-a").show(); $("#altmetric-a").attr("href",detailsUrl); } function richClickAuthor(name){ mag_window_location(mag_currentQikanUrl() + "/EN/searchresult",{searchSQL:"((((" +name+ "[Author]) AND All[Journal]) AND 10[PageSize]) AND year[Order])"}); } function richClickKeyword(keyword){ mag_window_location(mag_currentQikanUrl() + "/EN/searchresult",{searchSQL:"((((" +keyword+ "[Keyword]) AND All[Journal]) AND 10[PageSize]) AND year[Order])"}); } function mag_share(){ $("#bShare_more_a").click(); } function loadRelatedArticles(){ if($("#showRelatedArticles") && $("#showRelatedArticles").length>0){ //加载过了 }else{ mag_loading(); mag_ajax_update({ ele_id:'relatedArticles-content', url:mag_currentQikanUrl() + '/EN/article/showRelatedArticles.do', data:{articleId:$("#articleId").val()}, complete:function(){ mag_layer_close(); } }); } } function showMetrics(){ mag_window_location(mag_currentQikanUrl() + '/EN/article/metrics.do?articleId='+$("#articleId").val()); } function piaofuFn(a,eleId){ var content='

'+$("#"+eleId).prop("innerHTML")+''; piaofu(a,content); } function huoqukuanduimg(){ // } function doDataJsonText(text,jsonData){ var s = text.replace(/$/g,"$");; var richHtmlJson = $("#article_richHtmlJson").val(); var nlmDir = richHtmlJson.replace(/\/[^\/]+$/,''); if(jsonData && jsonData.xmlDir){ nlmDir = jsonData.xmlDir; } s = s.replace(/\{\{article\.nlmDir\}\}/g,$("#mag-mainWebUrl").val()+"/"+nlmDir); //引用上标 var arr = s.match(/(\[|\()((\s|\,|;|\-|–|(–)|(–)|(–)|(<\/?sup>))*]*)? rid=\"[^<>]*\"( [^<>]*)?>[^<>]+<\/a><\/sup>(\s|\,|;|\-|–|(–)|(–)|(–)|(<\/?sup>))*)+(\]|\))/g); if(arr && arr.length>0){ for(var i=0;i.+/g)){ //加上标,并添中上标标识 var sa1 = ""+sa.replace(/<\/?sup>/g,"").replace(/(]*)? rid=\"[^<>]*\"( [^<>]*)?)>/g,"$1 sup-flag=\"true\">")+""; s = s.replace(sa,sa1); }else{ //去掉上标 var sa1 = sa.replace(/(]*)? rid=\"[^<>]*\"( [^<>]*)?>[^<>]+<\/a>)<\/sup>/g,"$1"); s = s.replace(sa,sa1); } } } var arr1 = s.match(/(]*)? rid=\"[^<>]*\"( [^<>]*)?>[^<>]+<\/a>)<\/sup>/g); if(arr1 && arr1.length>0){ for(var i=0;i]*\"( [^<>]*)?>[^<>]+<\/a>)<\/sup>/g,"$1"); s = s.replace(sa,s1); } } } return s; } function doMagVueAfter(selector,jsonData){ var richHtmlJson = $("#article_richHtmlJson").val(); var magDir = richHtmlJson.replace(/\/[^\/]+$/,''); if(jsonData.xmlDir){ magDir = jsonData.xmlDir; } //处理fig $(selector + " .mag-rich-fig[magid]").each(function(){ var magId = $(this).attr("magid"); for(var j=0;j"; ss += ""; ss += ""; var shuomingTitle = ""; var shuomingContent = ''; if(fig.titleCn && fig.titleCn!=''){ shuomingTitle = fig.titleCn; if(fig.titleContentCn && fig.titleContentCn!=''){ shuomingContent += fig.titleContentCn; } } if(shuomingTitle==''){ if(fig.titleEn && fig.titleEn!=''){ shuomingTitle = fig.titleEn; } if(fig.titleContentEn && fig.titleContentEn!=''){ shuomingContent += fig.titleContentEn; } }else{ if(fig.titleEn && fig.titleEn!=''){ shuomingContent += "

"+fig.titleEn+""; } if(fig.titleContentEn && fig.titleContentEn!=''){ shuomingContent += fig.titleContentEn; } } ss += '

'+shuomingTitle+''; if(shuomingContent!=''){ ss += shuomingContent; } ss += ''; ss += '

Full size|PPT slide'; $(this).html(ss); break; } } }); //处理表格 $(selector + " .mag_main_table[magid]").each(function(){ var magId = $(this).attr("magid"); for(var i=0;i0){ ss += '

'; for(var j=0;j0){ for(var k=0;k"); mag_ajax({ url:mag_currentQikanUrl() + '/CN/article/showArticleAiQuickRead.do', data:{id:12157,sointech:'true'}, dataType:'json', success:function(result){ if(result.code == 200){ window.setTimeout(function(){printQuickReadContentCn(result.remark)},1500); }else{ $("#showArticle_quickread_content_cn").html("The system is busy, please try again later."); window.quickreadCnDoing=false; } }, error:function(){ $("#showArticle_quickread_content_cn").html("The system is busy, please try again later."); window.quickreadCnDoing=false; }, errorAlert:false }); } } }else if(lang=='EN'){ $("#showArticle_quickread_cn").show(); $("#showArticle_quickread_en").hide(); $("#showArticle_quickread_content_cn").hide(); $("#showArticle_quickread_content_en").show(); }else{ window.newquickreadCn=true; $('.main_content_center_right').hide(); $("#showArticle_quickread").show(300); $("#showArticle_quickread_cn").show(); $("#showArticle_quickread_en").hide(); $("#showArticle_quickread_content_cn").hide(); $("#showArticle_quickread_content_en").show(); if(window.quickreadEnDoing){ // }else{ window.quickreadEnDoing=true; $("#showArticle_quickread_content_en").html(""); mag_ajax({ url:mag_currentQikanUrl() + '/EN/article/showArticleAiQuickRead.do', data:{id:12157,sointech:'true'}, dataType:'json', success:function(result){ if(result.code == 200){ window.setTimeout(function(){printQuickReadContentEn(result.remark)},1500); }else{ $("#showArticle_quickread_content_en").html("The system is busy, please try again later."); window.quickreadEnDoing=false; } }, error:function(){ $("#showArticle_quickread_content_en").html("The system is busy, please try again later."); window.quickreadEnDoing=false; }, errorAlert:false }); } } } function closeQuickread(){ $("#showArticle_quickread").hide(300); $('.main_content_center_right').show(); } function printQuickReadContentEn(remark){ mag_ajax({ url:mag_currentQikanUrl() + '/EN/article/showArticleAiQuickRead.do', data:{remark:remark,sointech:'true'}, dataType:'json', success:function(result){ if(result.code == 200){ if(result.content){ var md = new remarkable.Remarkable({html:true}); $("#showArticle_quickread_content_en").html(md.render(result.content+"")); } if(result.complete){ if(result.content && $.trim(result.content)!=''){ //正常内容 $("#showArticle_quickread_content_en .ai_print").hide(); }else{ $("#showArticle_quickread_content_en").html("The system is busy, please try again later."); } window.quickreadEnDoing=false; }else{ window.setTimeout(function(){printQuickReadContentEn(remark)},1500); } }else{ // $("#showArticle_quickread_content_en").html("The system is busy, please try again later."); window.quickreadEnDoing=false; } }, error:function(){ $("#showArticle_quickread_content_en").html("The system is busy, please try again later."); window.quickreadEnDoing=false; }, errorAlert:false }); } function printQuickReadContentCn(remark){ mag_ajax({ url:mag_currentQikanUrl() + '/CN/article/showArticleAiQuickRead.do', data:{remark:remark,sointech:'true'}, dataType:'json', success:function(result){ if(result.code == 200){ if(result.content){ var md = new remarkable.Remarkable({html:true}); $("#showArticle_quickread_content_cn").html(md.render(result.content+"")); } if(result.complete){ if(result.content && $.trim(result.content)!=''){ //正常内容 $("#showArticle_quickread_content_cn .ai_print").hide(); }else{ $("#showArticle_quickread_content_cn").html("The system is busy, please try again later."); } window.quickreadCnDoing=false; }else{ window.setTimeout(function(){printQuickReadContentCn(remark)},1500); } }else{ $("#showArticle_quickread_content_cn").html("The system is busy, please try again later."); window.quickreadCnDoing=false; } }, error:function(){ $("#showArticle_quickread_content_cn").html("The system is busy, please try again later."); window.quickreadCnDoing=false; }, errorAlert:false }); } function showOutline(lang){ if(lang=='CN'){ mag_layer({ type:4, title:' AI Mindmap
Note: Please note that the content below is AI-generated. Frontiers Journals website shall not be held liable for any consequences associated with the use of this content.', src:mag_currentQikanUrl() + '/CN/article/showArticleOutline.do?id=12157', width:'85%' }); }else{ mag_layer({ type:4, title:' AI Mindmap
Note: Please note that the content below is AI-generated. Frontiers Journals website shall not be held liable for any consequences associated with the use of this content.', src:mag_currentQikanUrl() + '/EN/article/showArticleOutline.do?id=12157', width:'85%' }); } }

DOES THE BUSINESS JUDGMENT RULE HELP PROMOTE CORPORATE SOCIAL RESPONSIBILITY?

Giulia Neri-Castracane

PDF(229 KB)
PDF(229 KB)
Front. Law China ›› 2015, Vol. 10 ›› Issue (1) : 8-23. DOI: 10.3868/s050-004-015-0003-8
research-article
research-article

DOES THE BUSINESS JUDGMENT RULE HELP PROMOTE CORPORATE SOCIAL RESPONSIBILITY?

Author information +
History +
Published
23 Mar 2015
Issue Date
23 Mar 2015

Abstract

The business judgment rule (BJR) is a U.S. corporate law concept that has gained international recognition. It has been moulded, particularly in the definition of the Delaware courts, to protect the managerial business discretion, in other words to protect directors’ decisions from judicial review. Corporate social responsibility (CSR) questions the relationship between corporation with a business purpose and society. More and more attention is drawn to the various impacts of corporate decisions on society, asking for the necessity for directors to take these impacts into consideration when making business decisions. At the centre of CSR and the BJR are the fiduciary duties of the directors — the duty of diligence and the duty of care — and the question as to if the directors have breached their duties and if they have fulfilled them in a CSR compatible manner. This paper discusses how the BJR helps promoting CSR by discussing the advantages and disadvantages (real or apparent) of the BJR with respect to CSR.

Cite this article

Download citation ▾
Giulia Neri-Castracane. DOES THE BUSINESS JUDGMENT RULE HELP PROMOTE CORPORATE SOCIAL RESPONSIBILITY?. Front. Law China, 2015, 10(1): 8‒23 https://doi.org/10.3868/s050-004-015-0003-8

RIGHTS & PERMISSIONS

2014 Higher Education Press and Thomson Reuters
PDF(229 KB)

Accesses

Citations

Detail

Sections
Recommended

/