Which of the Following Is TRUE Regarding the Appointment and Removal

question 13

Multiple Choice

Which of the following is TRUE regarding the appointment and removal of directors of a corporation?

• A) Casual vacancies on the board are normally filled by a special election of the shareholders.
• B) All directors must hold at least some ownership in the corporation.
• C) A director's term of office is usually more than three years.
• D) It takes at least a two- thirds vote to remove a director from the board.
• E) Cumulative voting is an attempt to achieve proportional representation on the board of directors.

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Definitions:

Ethical Standards

Principles that guide the behavior of individuals and organizations, ensuring actions are morally right and respectful towards others.

Economic Performance

The assessment of the productivity, profitability, and growth indicators of an economy or a business entity.

Public Relations Campaigns

Organized efforts to manage the spread of information between an organization and the public to build a positive image and influence public perception.

Political Action Committees

Organizations that collect funds to donate to political campaigns or advocate for specific policy issues.