Every Public Company Must Have at Least Three Directors, and Every

question 31

Multiple Choice

Every public company must have at least three directors, and every proprietary company must have at least:

• A)One director.
• B)Two directors.
• C)Three directors.
• D)Four directors.

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Definitions:

Military Powers

The authorities and capabilities vested in a country's armed forces for defense, conflict resolution, and enforcement of national or international mandates.

Executive

refers to the branch of government responsible for implementing and enforcing laws, typically headed by a president or prime minister.

Unanimous Agreement

A consensus where all parties involved fully agree on a decision or statement without opposition.

Interstate Commerce

Economic activities or transactions that cross state boundaries or involve more than one state, regulated by the federal government in many countries.