What Must Be Used in Order to Circumvent the General

question 13

Multiple Choice

What must be used in order to circumvent the general powers of the directors of a corporation to manage or supervise the ongoing business and affairs of a corporation?

• A) provisions made in the bylaws or unanimous shareholders agreement
• B) resolution of the majority shareholders of the corporation
• C) provisions contained in the bylaws or a shareholders' agreement
• D) unanimous resolution of majority and minority shareholders

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Definitions:

Product Crises

refer to situations where products are found to be harmful or defective, leading to public backlash, legal actions, and a need for crisis management from the company.

Litigation Crises

Situations where an organization faces significant legal challenges that can impact its reputation and financial stability.

Crisis Impact

The effect or aftermath of a significant adverse event, often challenging the stability, reputation, or operations of an entity.

Faulty Airbags

Airbag systems in vehicles that have defects which can cause them not to deploy correctly in the event of a crash, potentially leading to injury or death.