Select the most appropriate statement. Company officers will only be excused from a breach of their fiduciary duty to avoid conflicts of interest:

Select one:

a.As long as the company makes a profit in the long run

b.All of the answers are false

c.If they make no profit from the breach

d.As long as the company suffers no loss

In relation to a company's Annual General Meetings (AGM), select the most accurate statement:

Select one:

a.The AGM is used to elect directors

b.All of these functions are performed at the AGM

c.The AGM is used to consider the financial report

d.The AGM is used to consider the auditor's report

The duty to retain discretion means that:

Select one:

a.The director should not disclose any material personal interest to the board of directors

b.The director should disclose any material personal interest to the board of directors

c.The director should remain independent, freely exercising their powers in the company's best interests

d.The director should stay away from board meetings when they have a material personal interest in a matter to be discussed at the meeting