If the board delegates to a committee its duty to select a new company president:
A) the members of that committee may be responsible individuals other than board members.
B) the committee must be approved by the shareholders.
C) the non-committee directors are relieved of liability for acts of the committee.
D) the committee may exercise all the authority of the board.
E) the committee must consist of board members and may be authorized unless otherwise provided by the articles of incorporation or bylaws.

Question

Quizplus · Accepted Answer

The committee must consist of board members and may be authorized unless otherwise provided by the articles of incorporation or bylaws. The delegation of authority to a committee must be consistent with the corporation’s articles of incorporation or bylaws, and certain duties, such as the appointment of officers, should be delegated only to a properly constituted board.

If the Board Delegates to a Committee Its Duty to Select