Which of the following statements is incorrect? In order to be valid a loan to a director by the company requires
A) approval in advance
B) approval given by shareholder general resolution
C) the transaction value must be above 10.000 to warrant approval
D) approval cannot be given for expenditure
Correct Answer:
Verified
Q1: What is the meaning of a conflict
Q3: If a director sells a flat she
Q4: Shareholder approval is needed for all but
Q5: Under s.177 a director is under a
Q6: A director has a duty not to
Q7: Which of the following would be considered
Q8: The ability of the board to provide
Q9: Directors have a duty to
A) avoid conflicts
Q10: Which are the principal fiduciary duties of
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