Multiple Choice
If the board delegates to a committee its duty to select a new company president:
A) the members of that committee may be responsible individuals other than board members.
B) the committee must consist of board members and may be authorized unless otherwise provided by the articles of incorporation or bylaws.
C) the non-committee directors are relieved of liability for acts of the committee.
D) the committee may exercise all the authority of the board.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: A director may make business decisions in
Q4: Voting trusts generally are effective for one
Q6: A shareholder may bring a direct suit
Q7: The articles of incorporation, incorporation statute, and
Q8: In most states, a corporation may, with
Q9: The Dodd-Frank Act requires that publicly held
Q11: The percentage of shares required for a
Q20: Directors are elected at the annual meeting
Q24: A proxy is effective until the shareholder
Q25: Directors may vote by proxy when they