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Which of the following groups/person is the primary governing body of a corporation?
Which of the following is a form of compensation typically offered to directors for their service?
It is illegal to serve as a director on more than one Board.
Which of the following are potential sanctions that the Securities and Exchange Commission can issue against a company and its directors for an improper compensation package?
A director should regularly review financial statements and reports to understand better its financial health of whose Board he serves.
A director who is a licensed attorney is not required to do any due diligence before serving on a Board because of his/her legal knowledge.
Which of the following corporate documents should be thoroughly reviewed in a thoughtful due diligence plan before serving on a Board?
It would be in a company’s best interest to have written policies and guidelines regarding Board service for their employees.