Which One of the Following Dates Is the Date on Which

question 14

Multiple Choice

Which one of the following dates is the date on which the board of directors votes to pay a dividend?

• A)Record date
• B)Declaration date
• C)Ex-dividend date
• D)Payment date
• E)Settlement date

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Definitions:

Cumulative Voting

A voting system used in elections, where shareholders multiply the number of shares they own by the number of director positions available to get their total number of votes.

Corporate Governance

The set of rules that controls a company's behaviour toward its directors, managers, employees, shareholders, creditors, customers, competitors, and community.

Independent Directors

Independent directors are members of a board of directors who do not have a material or pecuniary relationship with the company or its related entities, ensuring unbiased decision-making.

Board Size

Refers to the number of directors serving on a company's board, important for governance and strategic decision-making.