Obviously the level of detail that is appropriate for such an information system is a question of business judgment. And obviously too, no rationally designed information and reporting system will remove the possibility that the corpor
ation will violate laws or regulations, or that senior officers or directors may nevertheless sometimes be misled or
otherwise fail reasonably to detect acts material to the corporation's compliance with the law.
But it is important that the board exercise a good faith judgment that the corporation's information and reporting system is in concept and design adequate to assure the board that appropriate information will come to its attention in a timely manner as a matter of ordinary operations, so that it may satisfy its responsibility