022: Quiz – Serving on Board of Directors
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Question 1 of 8
1. Question
Which of the following groups/person is the primary governing body of a corporation?
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Question 2 of 8
2. Question
Which of the following is a form of compensation typically offered to directors for their service?
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Question 3 of 8
3. Question
It is illegal to serve as a director on more than one Board.
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Question 4 of 8
4. Question
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?
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Question 5 of 8
5. Question
A director should regularly review financial statements and reports to understand better its financial health of whose Board he serves.
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Question 6 of 8
6. Question
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.
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Question 7 of 8
7. Question
Which of the following corporate documents should be thoroughly reviewed in a thoughtful due diligence plan before serving on a Board?
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Question 8 of 8
8. Question
It would be in a company’s best interest to have written policies and guidelines regarding Board service for their employees.