MODIFIED TRUE OR FALSE 1.If there are not enough corporate officers, the position of President can...

MODIFIED TRUE OR FALSE

1.If there are not enough corporate officers, the position of President can be merged with that of the operations officer.

2.A person may be both Secretary and Treasurer of a corporation at the same time.

3.In all corporations, a compliance officer and/or an independent director is required.

4.Mr. Graest, a director candidate was alledged to have committed sexual assault and as such is disqualified to be elected as director.

5.Mr. Xylon, a director candidate was accused of insider trading and as such is disqualified to be elected as a director.

Solutions

Expert Solution

1). .If there are not enough corporate officers, the position of President can be merged with that of the operations officer - True

2). A person may be both Secretary and Treasurer of a corporation at the same time. - True

3). In all corporations, a compliance officer and/or an independent director is required. - False

4). Mr. Graest, a director candidate was alledged to have committed sexual assault and as such is disqualified to be elected as director. - False

5). Mr. Xylon, a director candidate was accused of insider trading and as such is disqualified to be elected as a director. -True

ekkarill92 answered 2 years ago

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