Understanding The Business Judgment Rule In Australian Corporate Law Essay.

PurposeThe discussion to be conducted in the present task is pertaining to the judgement given in the case of Australian Securities and Investments Commission v Rich (2009) NSWSC 1229. Within this task the business judgement rule has to be understood and its rationale has to be determined.
1) The business judgement rule is contained within section 180 of the Corporations Act 2001 (Cth). Section 180 speaks about the civil obligation of the dir…