Which of the following is TRUE regarding the appointment and removal of directors of a corporation?
A) Casual vacancies on the board are normally filled by a special election of the shareholders.
B) All directors must hold at least some ownership in the corporation.
C) A director's term of office is usually more than three years.
D) It takes at least a two- thirds vote to remove a director from the board.
E) Cumulative voting is an attempt to achieve proportional representation on the board of directors.
Correct Answer:
Verified
Q14: Directors owe duties to:
A) the Public.
B) the
Q15: The CEO of a corporation is
A) chosen
Q16: The duties of a director are primarily
Q17: Margaret is a first- time shareholder to
Q18: Sometimes almost all the directors of a
Q20: Which of the following is not one
Q21: The first directors of a corporation hold
Q22: The first directors of a corporation hold
Q24: Regarding financial rights, shareholders have a right
Q39: If a corporation is profitable,directors must declare
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents