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Questions and Answers
According to SEC. 22, how long is the term of directors in a corporation?
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?
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?
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?
According to SEC. 22, what is the minimum percentage of independent directors required for corporations with public interest?
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According to SEC. 22, who can be elected as directors in a corporation?
According to SEC. 22, who can be elected as directors in a corporation?
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