corporate immunity

Definition of "corporate immunity"
  1. The exemption granted to a company officer from personal responsibility for wrongful acts, provided they acted honestly and within the boundaries of their duties
How to use "corporate immunity" in a sentence
  1. The CEO was granted corporate immunity due to acting in good faith while performing his duties.
  2. Corporate immunity shields company officers from personal liability in the event of a lawsuit if they acted in line with their responsibilities.
  3. If the executive had not acted within his function, he wouldn't be granted corporate immunity.

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