Director Transactions Blanks Quiz

Director Transactions Blanks Quiz

University

20 Qs

quiz-placeholder

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Director Transactions Blanks Quiz

Director Transactions Blanks Quiz

Assessment

Quiz

Other

University

Hard

Created by

Suzette Scharschmidt

FREE Resource

20 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

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

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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