A proposal should always provide full __________ regarding the transaction's nature, terms, and justification to avoid confusion and ensure the process is easily evaluated.

Director Transactions Blanks Quiz

Quiz
•
Other
•
University
•
Hard

Suzette Scharschmidt
FREE Resource
20 questions
Show all answers
1.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
2.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
It is important for the director to clearly state why the transaction is __________ to the company, such as how it contributes to growth, profitability, or long-term strategy.
3.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
If a director has any financial or personal stake in a transaction, this must be __________ to the board, and in some cases, to the shareholders.
4.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
If there is a potential __________ of interest, the proposal should mention any independent reviews or appraisals that have been conducted to ensure fairness.
5.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
Before a director transaction can go ahead, it must first receive __________ approval. The board is responsible for assessing whether the transaction benefits the company and aligns with its goals.
6.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
For larger or more significant transactions, __________ approval may be necessary, especially if the director benefits personally in a way that could affect shareholder value.
7.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
To avoid personal gain from inflated prices, an independent __________ should be conducted for transactions involving significant assets like property.
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