DDD MetalWorks plans to go public in the next 2 years. In order to be listed on the New York Stock Exchange, the firm will need to restructure its present Board of Directors, which is made up of a majority outside independent directors to a Board of Directors that is dominated by insiders and related outsiders.

Question

Quizplus · Accepted Answer

The statement is false. In order to be listed on the New York Stock Exchange, the firm will need to maintain a majority of outside independent directors on its Board of Directors, not switch to a board dominated by insiders and related outsiders.

DDD MetalWorks Plans to Go Public in the Next 2