quality:correction, linguistic:paraphrasing, quality:corruption
Case law

Smith v. Van Gorkom (setting out duty to be reasonably informed in decision-making). In this decision, a standard of gross negligence was used, which is defined as “reckless indifference to or a deliberate disregard of the whole body of stockholders or actions which are without the bounds of reason.” In the case of Van Gorkom, a share price was set for a company buyout with essentially no consideration, this meeting the standard of gross negligence in informed decision making. Thus, the Duty of Care certainly involves informing oneself prior to making decisions.