Good faith reliance definition
Good faith reliance means that the Audit Committee member has considered the relevant issues, questioned the information provided and assumptions used, and assessed whether the analysis provided by senior management or the expert is reasonable. Generally, good faith reliance does not require that the member question the honesty, competence and integrity of senior management or the expert unless there is a reason to doubt their honesty, competence and integrity.
Good faith reliance means that the Committee member has considered the relevant issues, questioned the information provided and assumptions used, and assessed whether the analysis provided by management or the expert is reasonable.
Good faith reliance means that the Audit Committee member has considered the relevant issues, questioned the information provided and assumptions used, and assessed whether the
Examples of Good faith reliance in a sentence
Good faith reliance on online course development agreement without limiting remedies against the same as the position when approved.
More Definitions of Good faith reliance
Good faith reliance. A Covered Person shall be fully protected in relying in good faith upon the records of the Company and upon such information, opinions, reports, or statements (including financial statements and information) of the following persons: (i) another Covered Person; (ii) any attorney, independent accountant, appraiser, or other expert or professional employed or engaged by or on behalf of the Company; or (iii) any other person selected in good faith by or on behalf of the Company, in each case as to matters that such relying Covered Person reasonably believes to be within such other person’s professional or expert competence. The
Good faith reliance means that the Committee member has