Grade 12

True or false

1. A public company's name ends with (Pty)Ltd

• True

• false

True or false

1. The annual financial statements of a private company must be published.

• True

• False

True or False.

Shareholders of a public company appoint directors of the company at the annual general meeting.

• True

• False

True or false

Remuneration of the directors of a company includes expense allowances

• True

• false

An ordinary resolution of shareholders must be supported by 75% of the voting rights

• True

• False

True or false

Financially distressed means that a company is likely to become insolvent within the next six months

• True

• false

Evaluation of directors performance is done by the shareholders of the company

• True

• false

The directors are responsible for high standards of corporate governance

• True

• False

A special resolution is required to amend the company`s memorandum of incorporation

• True

• False

The directors of a company must disclose any personal financial interest in advance , to the board and shareholders

• True

• False