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What is the quorum for the meeting of the board of directors of a public company Explain what is meant by disinterested quorum Is this term significant for a general meeting also?
Wiki User
∙ 15y ago
The quorum for a meeting of the Board of directors of a company shall be one-third of its total strength (any fraction contained in that one-third being rounded off as one), or two directors, whichever is higher. Provided that where at any time the number of interested directors exceeds or is equal to two-thirds of the total strength, the number of the remaining directors, that is to say, the number of the directors who are not interested, present at the meeting being not less than 2 shall be the quorum during such time. Interested director means any director whose presence cannot, by reason of his being interested in some manner in the subject matter of discussion be counted for the purpose of forming a quorum at a meeting of the Board, at the time of the discussion or vote on any matter.
Wiki User
∙ 15y ago
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Define a company and explain how shareholders exercise control of the company business and directors conduct in the management of the companys affairs?
answer question please
Can a subsidiary company have a separate board of directors from the parent company?
A subsidiary company definitely can have its board of directors, and practically, it usually have. Basically its parent company who appoints directors in board of directors of subsidiary companies. Day to day matters of the subsidiary company cannot be run by parent company's board of directors, so it is necessary for a subsidiary to have its own board of directors which ultimately reports to parent company's board of directors.
How are directors paid?
Directors of a company are usually paid based on the contract that they signed with the company.
When was Australian Institute of Company Directors created?
Australian Institute of Company Directors was created in 1990.
What is the legal position of a director of a company?
(1) Directors as agents.qA company, as an artificial person, acts through directors who are elected representatives of the shareholders. They are, in the eyes of the law, agents of the company for which they act (2) Directors as employees.(3) Directors as officers. The directors are treated as officers of the company. As such they are liable to certain penalties if the provisions of the companies act are not strictly complied with. Directors as trustees. Directors are treated as trustees. Of the company's money and property ; and of the powers entrusted to them.
What are the minimum and maximum number of directors in a private company?
The minimum number of Directors in Private Company is 2 Maximum number of Directors is As the number of Members in that Company
Should company directors attend an AGM?
Yes, all company Non-executive Directors can attend the AGM.
Who controls a public limited company?
The Directors control a public limited company. Directors are appointed by Shareholders in AGM.
Which type of practice is manage by a board of directors?
A company or organization has a board of directors.
Structure OF apple company?
The structure of the Apple Company has the CEO at the top of the chart with the directors of the company below the CEO. The managers of the different departments are usually below the directors of the company.
Who runs a limited company?
the directors
What role do company directors provide?
Company directors have many roles within a company. They arrange board meetings and as well once a year there must be an annual general meeting at which the directors provide full financial and related information to their shareholders on the performance of the company.
