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Alternative standard - 15 Pa. Cons. Stat. § 516

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     § 516.  Alternative standard.
        (a)  General rule.--In discharging the duties of their
     respective positions, the board of directors, committees of the
     board and individual directors of a domestic corporation may, in
     considering the best interests of the corporation, consider the
     effects of any action upon employees, upon suppliers and
     customers of the corporation and upon communities in which
     offices or other establishments of the corporation are located,
     and all other pertinent factors. The consideration of those
     factors shall not constitute a violation of section 512
     (relating to standard of care and justifiable reliance).
        (b)  Presumption.--Absent breach of fiduciary duty, lack of
     good faith or self-dealing, actions taken as a director shall be
     presumed to be in the best interests of the corporation.
        (c)  Cross reference.--See section 511(b) (relating to
     alternative provisions).

        Cross References.  Section 516 is referred to in sections
     511, 517 of this title.

Last modified: November 27, 2007