AFP
CTP · Question #124
(Topic 2) In order to be defined as independent, a corporate director:
The correct answer is B. cannot have a material relationship with the company. See the full explanation below for the reasoning.
Question
- (Topic 2)
In order to be defined as independent, a corporate director:
Options
- Acannot have owned preferred stock shares in the company.
- Bcannot have a material relationship with the company.
- Ccannot meet regularly with executive management outside of board meetings.
- Dcannot have been an employee with the company during the past three years.
How the community answered
(31 responses)- A3% (1)
- B71% (22)
- C16% (5)
- D10% (3)
Community Discussion
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