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Match the Word Elements with Their Meanings

question 86

Multiple Choice

Match the word elements with their meanings.
-three

Definitions:

Derivative Suit

A lawsuit brought by a shareholder on behalf of a corporation against a third party, often an insider of the corporation, alleging harm to the corporation.

Disinterested Directors

Board members who do not have a personal or financial stake in the decisions being made, ensuring unbiased governance and compliance.

Quorum

The least number of attendees required for a meeting's activities to be considered valid.

Proper Purpose

Acting with a legitimate objective, especially in the context of corporate governance where actions should align with the best interests of the company and its shareholders.

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