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:

Objective And Task Method

A budgeting approach where a company sets a budget based on the costs of the tasks necessary to achieve specific marketing objectives.

Competitive Parity Method

A marketing budgeting strategy where a company's spend is in line with its competitors to prevent market share loss.

Social Personality

Represents an individual's or brand's persona as projected or perceived on social media platforms.

Social Persona

An online identity a person adopts in social networks and digital platforms, which may differ from their real-life personality.