Multiple Choice
Which of the following is TRUE regarding the appointment and removal of directors of a corporation?
A) Casual vacancies on the board are normally filled by a special election of the shareholders.
B) All directors must hold at least some ownership in the corporation.
C) A director's term of office is usually more than three years.
D) It takes at least a two- thirds vote to remove a director from the board.
E) Cumulative voting is an attempt to achieve proportional representation on the board of directors.
Correct Answer:
Verified
Correct Answer:
Verified
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