Corporate Governance Quiz- 10 questions

The Directors of a company earn a sum of money which is ____by the Board of Directors. 

• given

• fixed

• donated

• done

CHOOSE 2: During meetings, the Company Secretary has the obligation of__________  ________so  that there will be a written record of the ___________ that was ________ at the meeting. 

• recording minutes

• documenting, decisions

• business- transacted

• writing, discussions

In the elections held during an AGM, the number of ________ that a shareholder can ____________ depends on the number of shares held. 

• votes, cast

• ballots, submit

• preferences, make

• selections, give

The Company Secretary is the person in charge of ____ any special _____10 – 60 days before it is _________.   

• notifying, plan, done

• informing, party, planned

• convening, meeting, held

The Chief Financial Officer has to ___________  __________ of all money spent and earned by the company, and __________ them to the shareholders at the annual general meeting for their approval. 

• maintain a document, present

• keep accounts, submit

• manage finances, display

The shareholders ____________  the __________ who will represent them on the Board of Directors at the AGM. If the director is not doing his job in a competent manner, he can be __________ by the shareholders as well. 

• nominate candidates, congratulated

• call people, fired

• elect officers, removed

According to the bylaws, _______ of all special meetings must be ____________ in writing at least 10 days prior to the meeting. 

• notices, given

• warnings, issued

• alerts, whatsapped

The directors can ______ some of the Chairman’s   ______  to officers of the corporation. 

• delegate, responsibilities

• transfer, rights

• offer, tasks

At the AGM, the President and the Board of Directors have to _________ a __________ to the shareholders, explaining the company’s performance during the previous year. 

• present/ submit a report

• provide a convicing speech

• do an interesting presentation

If the company has had good financial results, the Board of Directors may decide to ___________ and pay out a ____________ to the company’s shareholders. 

• declare, dividend

• announce, bonus

• release, profit