15. What are the underlying theories on the sources of a Board's power? 5%

16. In what instances must an independent director be appointed in a Board? 5%

17. Who are the corporate officers? What are their required minimum qualifications to be such? 5%

18. What is a management contract? 2.5%

19. Who is a self-dealing director? What is the nature of a contract entered into by him/her? 5%

20. Interlocking director? Nature of contract? 5%

21. Requisites of derivative suit? 5%

22. Re: SEC Memo No. 5, series of 2020 and RCC, what are the rules regarding voting for Board of Directors through teleconferencing by:

a. A stockholder? 2.5% b. A member of the Board? 2.5%

23. What is a proxy? 2.5% Duration of proxies? 2.5%

24. Principle of free transferability of shares? 5%