A _____ Places a Ceiling on Director Liability for Breach

question 49

Multiple Choice

A _____ places a ceiling on director liability for breach of duty; the board and the shareholders, however, may amend the corporate charter to reduce the cap.

• A) charter option statute
• B) self-executing statute
• C) SEC oversight statute
• D) cap on monetary damages statute

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Definitions:

Ethical

Pertaining to or dealing with morals or principles of morality; pertaining to right and wrong in conduct.

Personal Branding

A pop term for marketing yourself, including job searching. It includes an expectation that you will use various options, including social media such as LinkedIn, to market yourself.

Internet

A vast network of computers and other electronic devices connected globally, facilitating data exchange, communication, and access to information.

Marketing Yourself

The process of presenting one's skills, experiences, and personal attributes effectively to employers, clients, or the public, often in the context of job searching or career development.