A Court Does Not Have the Power to Remove a Director

question 37

Multiple Choice

A court does not have the power to remove a director when:

• A)petitioned by shareholders.
• B)it finds that the director engaged in fraudulent conduct.
• C)it finds that the director intentionally inflicted harm on the corporation.
• D)it believes removal would help the corporation operate more globally responsibly.

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Definitions:

Higher Taxes

An increase in the tax rate or tax liability faced by individuals or corporations.

Exchange Rate

The price of one country's currency expressed in another country's currency, facilitating international trade and investment.

Multinational Corporations

Companies that operate in multiple countries, managing production or delivering services in more than one country.

Divisions and Branches

Parts of a company that operate semi-independently but are not separate legal entities; branches are local offices or shops, while divisions are specialized departments.