Which of the Following Statements Is Not True of the Method

question 30

Multiple Choice

Which of the following statements is not true of the method of appointment and removal of directors?

• A)The first directors of a public company are named in the application to register the company lodged with ASIC.
• B)In a listed company new directors are appointed by shareholders.
• C)Directors can appoint new directors if the constitution allows it.
• D)Directors must step down after five years.

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Definitions:

Gift

An item given voluntarily to someone without expectation of payment or anything in return as a token of affection or appreciation.

Bribe

An illegal practice involving the offering, giving, receiving, or soliciting of something of value as a way to influence the actions of an individual holding a public or legal duty.

Code of Ethics

A set of principles and rules used by an organization to guide the conduct of its members and decision making.

Integrity

The quality of being honest and having strong moral principles.