A company having seven elected and two nominee directors wanted to appoint an employee of the Company, Mr Kay, as Chief Executive of the Company and is desirous to know the answer to the following before making the appointment: Status of Mr Kay if appointed as the chief executive, viz a viz other directors. ii. Minimum number of shares to be acquired by Mr Kay to become Chief Executive. iii. Tenure of office for which Mr Kay may be appointed as Chief Executive. iv. How Mr Kay may be removed? V. Will it be necessary to obtain members approval for the terms and conditions of Mr Kay's appointment? (05)