Question 21 1 pts A director who ceases to own at least one (1} share of stock or a trustee who ceases to be a member of the corporaon shall cease to be such. 0 True 0 False Question 22 1 pts The board of corporations vested with public interest shall have independent directors constituting at least twenty percent (20%} of such Board. 0 True 0 False Question 23 1 pts In no case shall the total yearly compensation of directors exceed twenty (20%) percent of the net income before income tax of the corporaon during the preceding year. 0 True 0 False Question 24 1 pts Interlocking Directors are those who manage Deadlocks in a corporation. 0 True 0 False Question 25 1 pts An independent director is a person who, apart from shareholdings and fees received from the corporation, is independent of management and free from any business or other relationship which could, or could reasonably be perceived to materially interfere with the exercise of independent judgment in carrying out the responsibilities as a director. 0 True 0 False