LW - Ch-15, Company Directors

1 Which of the following types of director is expressly appointed as such?

• De jure

• De facto

• Shadow

What is the minimum age that a director can be?

• 16

• 17

• 18

How many directors are required to retire at the first annual general meeting of a public company?

• One-third of the directors

• Half the directors

• All of the directors

4 Which of the following describes the actual authority of a Chief Executive Officer?

• The authority that the board expressly gives to them

• The authority that is usual for a Chief Executive Officer

• The authority that the Chief Executive Officer says to others they have

The powers of a company's directors are defined in which company document?

• Articles of Association

• Memorandum of Association

• Register of Directors

To which of the following does a director owe their statutory duties?

• The members personally

• The company as a whole

• The board of directors

In which of the following circumstances will a director be personally liable for the debts of the company?

• Where the company's Articles of Association state that they are liable

• Where a creditor has told them they are liable

• Where they have breached their fiduciary duties

Which of the following types of director is not validly appointed but is held out by the company to be a director?

• De jure director

• De facto director

• Shadow director

• Alternate director

Which of the following is a characteristic of a non-executive director?

• They are individuals that are held out by the company to be directors

• They are not involved in the day-to-day running of the company

• They are individuals whose instructions concerning running the company are followed

• They are not subject to the statutory duties of directors

Which TWO of the following are grounds that must be fulfilled in order for a court to be required to disqualify a director?

1. Conviction of an indictable offence in connection with the management of a company

2. Insolvency of a company that they are a director of

3. Conduct making them unfit to be concerned in the management of a company

4. Persistently failing to meet provisions of company legislation

• 1 & 2

• 3 & 4

• 2 & 4

• 1 & 3