Multiple Choice
Which of the following statements is incorrect? In order to be valid a loan to a director by the company requires
A) approval in advance
B) approval given by shareholder general resolution
C) the transaction value must be above 10.000 to warrant approval
D) approval cannot be given for expenditure
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: A director has a duty not to
Q2: If a director sells a flat she
Q3: Which are the principal fiduciary duties of
Q4: Which of the following would be considered
Q5: Under s.177 a director is under a
Q6: Shareholder approval is needed for all but
Q7: What is the meaning of a conflict
Q8: Directors have a duty to<br>A) avoid conflicts
Q9: The ability of the board to provide