Board of Directors Quiz
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Questions and Answers

According to SEC. 22, how long is the term of directors in a corporation?

  • Four years
  • Three years
  • One year (correct)
  • Two years

    • According to SEC. 22, how long is the term of trustees in a corporation?

  • Three years (correct)
  • Four years
  • Two years
  • One year

    • According to SEC. 22, when does a director or trustee cease to hold office?

  • When they no longer want to be a director/trustee
  • When they are elected and qualified
  • When they have completed their term
  • When they no longer own any stock (correct)

    • According to SEC. 22, what is the minimum percentage of independent directors required for corporations with public interest?

    <p>20%</p> Signup and view all the answers

    According to SEC. 22, who can be elected as directors in a corporation?

    <p>Any shareholder</p> Signup and view all the answers

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