Question
1. Which of the following isnota matter typically dealt with by the companys internal governance rules? Rules relating to dividends. Penalties for breach of the
1.
Which of the following isnota matter typically dealt with by the companys internal governance rules?
Rules relating to dividends. |
Penalties for breach of the duties owed by directors. |
Rules relating to the transfer and transmission of shares. |
The appointment and removal of the companys officers. |
The procedure for convening and conducting directors and members meetings. |
The balance between executive and independent directors on the boards of publicly listed companies is a key aspect of the corporate governance debate. Which of the following statements is correct?
It is mandatory for the board of directors of all listed companies to be constituted with a majority of independent directors. |
A majority of the board of directors of listed companies should be independent directors but this is not mandatory. If a listed company chooses not to have a majority of independent directors then the company must state in its annual report why it has not followed the best practice recommendation.. |
It is mandatory for the board of directors of all listed companies to be constituted with a majority of executive directors. |
None of the above. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started