Question
1. The agenda for a meeting of the shareholders of a corporation would not usually include Group of answer choices A. ratification of the acts
1. The agenda for a meeting of the shareholders of a corporation would not usually include
Group of answer choices
A. ratification of the acts of the board of directors for the previous year.
B. election of the corporation's officers.
C. election of the corporation's directors for the upcoming year.
D. amendments to the articles of incorporation.
2. A director may be personally liable for damages caused by
A. his or her failure to make the correct business decision.
B. his or her actions beyond the scope of the director's duty.
C. fraudulent or tortious acts committed by the others in the corporation that the director was reasonably unaware of.
D. his or her failure to vote on matters that personally involve the director.
3. Reimbursement by a corporation to its officers and directors who are named as defendants in litigation involving the corporation for their expenses incurred in defending themselves is referred to as
A. litigation reimbursement.
B. director reimbursement.
C. personal liability reimbursement.
D. indemnification.
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