The Function of a Nominating Committee Is to

question 14

Multiple Choice

The function of a nominating committee is to

• A) find board members who have compatible viewpoints with management.
• B) find outside board members for election by the stockholders.
• C) search for internal employees who would provide valuable insight into the working operations of the corporation.
• D) search for candidates who could bring prestige to the board.
• E) find inside board members for election by the stockholders.

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Definitions:

Clouded Title

A title that has any irregularity, claim, or lien that creates uncertainty about the true ownership of the property.

Oral Agreement

A verbal contract in which the terms are agreed upon through spoken communication rather than in writing.

Specific Instructions

Detailed directions or orders issued for performing a particular task or operation.

Unenforceable

Refers to a contract or clause that, due to legal reasons, cannot be executed or enforced by law.