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An independent director can be disqualified for being absent in more than 50% of all regular and special meetings during a 12-month period, unless due to illness, death in the immediate family, or serious accident.
An independent director can be disqualified for being absent in more than 50% of all regular and special meetings during a 12-month period, unless due to illness, death in the immediate family, or serious accident.
True
Exceeding two percent (2%) beneficial equity ownership in the corporation or its subsidiaries disqualifies an independent director from being elected.
Exceeding two percent (2%) beneficial equity ownership in the corporation or its subsidiaries disqualifies an independent director from being elected.
False
Being a senior officer of the covered company disqualifies one from being an independent director if there has been a change in the controlling ownership after retirement.
Being a senior officer of the covered company disqualifies one from being an independent director if there has been a change in the controlling ownership after retirement.
False
Owning more than two percent (2%) of the outstanding shares of a subsidiary disqualifies an individual from being an independent director.
Owning more than two percent (2%) of the outstanding shares of a subsidiary disqualifies an individual from being an independent director.
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A nominee of a director of a related company is eligible to be an independent director.
A nominee of a director of a related company is eligible to be an independent director.
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Having been a consultant of the covered company 10 years before election as director disqualifies one from being an independent director.
Having been a consultant of the covered company 10 years before election as director disqualifies one from being an independent director.
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Affiliation with a non-profit organization that receives no funding from the covered company or its related companies disqualifies an individual from being an independent director.
Affiliation with a non-profit organization that receives no funding from the covered company or its related companies disqualifies an individual from being an independent director.
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Exceeding two percent (2%) beneficial equity ownership in the corporation or its subsidiaries does not disqualify an independent director if the limit is later complied with.
Exceeding two percent (2%) beneficial equity ownership in the corporation or its subsidiaries does not disqualify an independent director if the limit is later complied with.
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Being a former consultant of the covered company within 10 years before election does not disqualify one from being an independent director.
Being a former consultant of the covered company within 10 years before election does not disqualify one from being an independent director.
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If an individual is affiliated with a non-profit organization that receives no funding from the covered company or its related companies, it does not disqualify them from being an independent director.
If an individual is affiliated with a non-profit organization that receives no funding from the covered company or its related companies, it does not disqualify them from being an independent director.
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