Exam 35: Management Structure

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Assuming there are no provisions in the corporation's articles of incorporation or bylaws regarding quorum requirements,if there are 13 total directors of General Gonzo Corporation and the minimum number of directors are present to transact business,how many votes normally would be necessary for those present to act as a board?

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Which of the following would be likely to result in liability to a director of a textile company? The director:

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A significant change to U.S.financial regulation occurred with the 2010 Congressional enactment,the:

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In most states,a corporation may,with shareholder approval,limit the liability of directors for some breaches of the duties which they owe to the corporation.

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