Directors Must Be Shareholders of the Corporation on Whose Board

question 31

True/False

Directors must be shareholders of the corporation on whose board they serve.

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Definitions:

Organization Design

The process of structuring an organization’s roles, responsibilities, and systems to effectively achieve its goals and objectives.

Artifacts

Physical objects, symbols, or expressions that represent the culture or values of a society, organization, or group.

Procedures

Established or official ways of doing something, typically involving a series of actions or steps to be followed in a consistent order.

Potential

An individual's or entity's inherent ability or capacity to develop, grow, and achieve success in the future.