35. Which single aspect of the 'two strikes' rule is NOT correctly stated below? A. Key management personnel are not allowed to vote in first or second strike votes B. The board may be spilt after two successful 'strike' votes by 25% of 'eligible voters' and then a further valid voting procedure C. A vote by at least 50% of 'eligible voters' is required to 'spill the board' D. If a board is spilt the next vote of shareholders (excluding key management personnel) will elect a replacement board 36. Which of the following statements is TRUE in relation to charities and not for prof organisations? A. While fraud can occur in the charityot for profit sector, governance issues are not a concern B. Fraudulent activity cannot occur in the charityot for profit sector as there are no profits to manipulate C. Fraud and corporate governance issues are of even greater concern to charitie and not for profit organisations as the moral implications are much higher D. Rigorous governance standards, financial reporting and accountability are jus as relevant to charities and not for profit organisations as they are to pr making enterprises Mr. Steel is a director of a corporation. He is aware that the corporation is abou announce the appointment of a high-profile industry leader as managing director of Board. Mr Steel suspects that this may affect the price of shares in the corporation. mentions the imminent appointment to his friend, Mr. Flint, who immediately purcha shares in the corporation, which increase in value once the announcement of managing director is made. Which one of the following options most accurately reflects the legal position of Mr and Mr Flint? A. Mr Steel is potentially liable for insider trading, but Mr Flint is not B. Mr Flint is potentially liable for insider trading, but Mr Steel is not C. Both Mr Steel and Mr Flint are potentially liable for insider trading D. Neither Mr Steel nor Mr Flint are potentially liable for insider trading