If the Corporate Bylaws Require a Minimum of Five Directors

question 54

Multiple Choice

If the corporate bylaws require a minimum of five directors to be present at each directors meeting,what happens if only two directors attend and they make a decision?

• A)The decision is invalid because a quorum was lacking.
• B)The decision is invalid because the directors did not have authority to vote
• C)The decision is invalid unless shareholders vote to ratify
• D)The decision is valid
• E)The decision is invalid because of a violation of the business judgment rule

Learn about the major paths to economic development for countries at different stages of development.

Grasp the main obstacles to achieving higher rates of economic growth and development in developing countries.

Know the importance of improving human resources in the quest for economic growth in developing countries.

Understand the factors contributing to economic growth and high per capita incomes in developed nations.

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Definitions:

Whistle Blowing

The act of exposing illegal, unethical, or wrongdoing within an organization by an insider.

Self-Censorship

The act of withholding or altering one's expression or speech to avoid offending or causing conflict with others.

Group Identities

The collective sense of belonging to a particular group based on shared attributes or interests.

Whistleblower

A person who exposes the misdeeds of others in organizations.