An Independent Outside Director

question 61

Multiple Choice

An independent outside director:

• A) is defined as a company employee who has no management responsibilities outside of the board.
• B) cannot serve as the board chairman.
• C) is prohibited from owning shares of the firm.
• D) can be a shareholder as long as he/she holds no management position in the firm outside of the board.

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Definitions:

Inguinal

Refers to the region of the lower abdomen, particularly the area where the abdomen meets the top thigh on each side.

Supratrochlear

Pertaining to an area above the trochlea, often referencing nerves or vessels in the region near the eyebrow.

Cisterna Chyli

A large lymphatic sac that serves as a storage area for lymph before it enters the bloodstream via the thoracic duct.

Lumbar

The Lumbar region refers to the lower portion of the spine between the diaphragm and the sacrum, often associated with the lower back.