Chapter 1, Problem 7Q

A court does not have the power to remove a director when: Multiple Choice   petitioned by shareholders.   it finds that the director engaged in fraudulent conduct.   it finds that the director intentionally inflicted harm on the corporation.   it believes removal would help the corporation operate more globally responsibly.

Do you believe that corporate governance is only exercising power over entities by managing them?

Why do S Corporation owner/employees generally prefer to pay themselves a low salary for services rendered to the entity?

What is the reason why close corporations are not allowed to engage in mining or oil companies, stock exchanges, banks, insurance companies, public utilities, educational institution, and corporation to be vested with public interest?

Why there is a need to have a provisional director? What is his role in settling the occurrence of deadlock in a close corporation?

explain the limitation of the corporate constitution as a statutory contract to empower the members to enforce the provisions of the corporate constitution against the directors

Having one person holding the position of the CEO and Chairman in a corporation can bring about doubts as to a corporation's governance. O TRUE O FALSE