Solved

The Revised Model Business Corporations Act States That a Director

Question 71

Multiple Choice

The Revised Model Business Corporations Act states that a director is entitled to rely on information and reports provided or prepared by _ .


A) a committee of directors of which the director is a part, if the committee merits confidence
B) legal counsel or accountants in regard to matters that the director believes are within that professional's competence
C) officers of a competing corporation who, the director reasonably believes, are reliable and competent
D) employees of the Securities and Exchange Commission who are responsible for creating the proxy rules

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