Word: ruling
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Dates: during 1960-1969
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...Each director must exercise his unbiased judgment, influenced only by considerations of what is best for the corporation... Many courts have spoken of the rule as being that a director owes a loyalty that is undivided and an allegiance that is influenced in action by no consideration other than the corporation's welfare...
...Although those who advocate a particular political cause may disavow any intention of setting a precedent, the precedent is nonetheless set. Since we will no longer be able to exclude political matters from the docket by appeal to rule and precedent, we will be obliged to discuss each and to act on each on its merits. The proper concerns of the Faculty cannot long survive continued and inevitably impassioned political debate...
Approximately 500 freshmen ran around the yard hooting and chanting slogans like, "Rule of reason/out of season." Even the violence was directed against their own numbers (instead of institutions), as water bombs looped into clusters of amazed bystanders...
...Although those who advance a particular political cause may disavow any intention of setting a precedent, the precedent is nonetheless set. Since we will no longer be able to exclude political matters from the docket by appeal to rule and precedent, we will be obliged to discuss each and to act on each on its merits. The proper concerns of the Faculty cannot long survive continued and inevitably impassioned political debate...
What about those elections scheduled for next May? "This is a revolutionary government," Ovando shrugged at a press conference, "and we cannot yet speak about elections." Whatever its politics, Bolivia has become the ninth Latin American country to come under military rule, thus joining a growing club whose members now control more than half of Latin America's 260 million people...