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Questions and Answers
In the context of corporate governance, what is the role of a promoter?
In the context of corporate governance, what is the role of a promoter?
- A promoter is a person who represents the shareholders in corporate decision-making.
- A promoter is a person who oversees the day-to-day operations of a corporation.
- A promoter is a person who ensures compliance with tax regulations within a corporation.
- A promoter is a person who invites investors and subscribers before the formation and organization of a corporation. (correct)
Under the Revised Corporation Code, what has been changed regarding the maximum term of corporate existence?
Under the Revised Corporation Code, what has been changed regarding the maximum term of corporate existence?
- The maximum term of corporate existence has been standardized to 75 years.
- The maximum term of corporate existence has been extended to 100 years.
- The maximum term of corporate existence has been reduced to 50 years.
- The maximum term of corporate existence has been removed. (correct)
What distinguishes directors from trustees in the context of corporate governance?
What distinguishes directors from trustees in the context of corporate governance?
- Directors have lifetime appointments, while trustees have fixed-term appointments.
- Directors are appointed by shareholders, while trustees are appointed by the government.
- Directors compose the governing board of a stock corporation, while trustees compose the governing board of a non-stock corporation. (correct)
- Directors are responsible for financial audits, while trustees are responsible for legal compliance.
What is the time limit for the last mastery test in AC1104?
What is the time limit for the last mastery test in AC1104?
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How many questions are there in the last mastery test in AC1104?
How many questions are there in the last mastery test in AC1104?
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