When a Vacancy Occurs on a Corporate Board, How the Position

question 30

Multiple Choice

When a vacancy occurs on a corporate board, how the position will be filled is most likely set forth in

• A)the corporation's articles or bylaws.
• B)shareholder proxies.
• C)the business judgment rule.
• D)the board's recorded minutes.

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Definitions:

Sound Wave

A type of pressure wave caused by the vibration of an object, which travels through a medium such as air or water and can be heard when it reaches a person's or animal's ear.

Complexity

The state or quality of being intricate or complicated, often referring to systems or problems that have multiple interconnected parts.

Pitch

The quality of a sound governed by the rate of vibrations producing it; the degree of highness or lowness of a tone.

Frequency

The rate at which a vibration occurs that constitutes a wave, either in a material (as in sound waves), or in an electromagnetic field (as in radio waves and light).