Sometimes Almost All the Directors of a Company Have Interests

question 6

Multiple Choice

Sometimes almost all the directors of a company have interests in a contract.They should

• A)present the contract to the management for a decision.
• B)vote as a total board of directors.
• C)present the contract to a general meeting of shareholders for their ratification after full disclosure has been made.
• D)gather the remaining independent directors and form a quorum.
• E)vote as a corporate committee of the whole.

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Definitions:

Service

Any intangible offering that involves a deed, performance, or effort that cannot be physically possessed; intangible customer benefits that are produced by people or machines and cannot be separated from the producer.

External Search

The process consumers undertake to gather information from sources outside their personal experience to make a better-informed decision.

Fuel Efficient

Vehicles or machinery designed to use less fuel for the same level of performance compared to conventional models, often resulting in lower operating costs and reduced environmental impact.

Physiological Risk

The fear of an actual harm should a product not perform properly.