If the Board Delegates to a Committee Its Duty to Select

question 39

Multiple Choice

If the board delegates to a committee its duty to select a new company president:

• A) the members of that committee may be responsible individuals other than board members.
• B) the committee must be approved by the shareholders.
• C) the non-committee directors are relieved of liability for acts of the committee.
• D) the committee may exercise all the authority of the board.
• E) the committee must consist of board members and may be authorized unless otherwise provided by the articles of incorporation or bylaws.

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Definitions:

Fluid-Filled Tube

A tube that contains fluid, often found in biological systems and mechanical devices, used for various functions such as cushioning or transport.

Pitch

A tone’s experienced highness or lowness; depends on frequency.

Frequency

The rate at which something occurs or is repeated over a particular period of time or in a given sample.

Steel Towns

Urban areas primarily developed around and dependent on the steel industry, characterized by steel mills, worker housing, and often a strong sense of community among workers.