Logourl black

Disinterested director approval

Definition

Approval of a corporate transaction in which one or more directors has a personal interest by a majority of the directors who have no personal interest in the transaction.

Related Rules [?]


The related rules section is for members only and includes a compilation of all the rules of law in Quimbee's database relating to this key term.

To access the related rules, please start your free trial or log in.