That rule grants wide latitude to the directors of a company. Barring self-interested decisions and egregious waste, the directors are presumed to be acting in the corporations best interests. Paying taxes due to the country and state where the corporation is domiciled is not waste. Indeed, there is a case to be made that failure to repatriate profits prevents payment of a dividend to shareholders, which would form a better basis for a shareholder lawsuit than NOT repatriating profits because of taxes.