Deck 11: Non-Fatal Offences Against the Person

Question 1

Which of the following was not a reason for the reform of directors' duties in the Companies Act of 2006?

A) providing clarity and accessibility
B) aligning the interests of the company and society
C) keeping regulation to the minimum
D) increasing regulation to the maximum

Answer 1

D

Question 2

The duty of directors to exercise independent judgment in s.175

A) prohibits the delegation of duties
B) prohibits non-executive directors
C) obliges the presence of non-executive directors
D) is not incompatible with the delegation of duties

Answer 2

D

Question 3

Under s.171 the directors are obligated to

A) only exercise corporate powers for the purposes for which they are conferred
B) only exercise corporate powers that may benefit the company
C) only exercise corporate powers that benefit themselves
D) only exercise corporate powers that benefit shareholders

Answer 3

A

Question 4

Section 172(1) lists the company's key stakeholders. Which of the following groups is not represented?

A) shareholders
B) creditors
C) employees
D) environment

Question 5

What is the meaning of the acronym CSR?

A) company social responsibility
B) corporate social responsibility
C) common social responsibility
D) corporate saving response

Question 6

The doctrine of Enlightened Shareholder Value is enshrined in Companies Act 2006 in section

A) 172
B) 180
C) 177
D) 31

Question 7

Directors owe their duties to

A) the company
B) shareholders
C) the revenue
D) creditors

Question 8

The concept of stakeholder includes

A) shareholders
B) employees
C) local communities
D) all of the above

Question 9

Groups with an interest in the company are called

A) shareholders
B) stakeholders
C) holders
D) members

Question 10

The duty to exercise reasonable care, skill and diligence in s.174 means that a director needs to act

A) according to the skills he has
B) according to the skills expected of a person in this position
C) both a & b
D) according to agreed contractual standards