Saturday, January 28, 2012 12:42:37 PM
It still is not a sentence. The "[o]n 8/24/09" needs to relate to something. Anyway, this is not important to me so long as I can understand your point. In that regard, you rephrase:
My response is yes, the CEO must perform due diligence prior to entering into contractual arrangements, including ascertaining the potential worth of such contracts/assets acquired. These matters are ordinarily left to the sound discretion of the corporate officers, save for abuse of that discretion (see the so-called "business judgment rule").
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