POP QUIZ

A person who conceive an idea of a company, then decide and do the necessary work for the formation of the company is ?

• Director

• Promoter

• Manager

• Employee

All of these answers are the remedies for breach of duties, EXCEPT:

• Damages

• Recission of a contract

• Death sentence

• Recovery of secret profit

A promoter need not to disclose his/her interest towards in a contract with the company

• True

• False

A promoter should not have any conflict of interest with the company

• TRUE

• FALSE

________ is the chief executive officer.

_________ is a salaried director and a full-time employee of the company and delegated with managerial powers

He/she not officially director, but provides advice and guidance to the board which are regularly acted upon.

Directors of the company but may become _______ when he is acting on behalf of the co.

• Director as employee

• Director as agent

• Director as trustee

• Director as alter ego

A private company must have a minimum of one director who must be a resident of Malaysia.

• True

• False

Shadow director is a temporary substitute when a company’s director is absent from the meeting or unable due to illness

• True

• False