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Question of the Week - Corporate Finance

AdaptPrepAdaptPrep Des Moines, IA, USAPosts: 211 Sr Associate
edited February 2016 in Level 1 Questions

Of the following, which is the least necessary qualification for a member of a company's Board of Directors?

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Question of the Week - Corporate Finance 18 votes

Being in good standing with management
88%
SarahAdaptPrepgoogs1484paulopitaosaloisBeregondmdlynch3bizcyclesjtk08001KevinMpabulumsOLUSEGUNMindaugasBlueJay3535hakziavannoord 16 votes
Having attentive and competent expertise
11%
riteshbadaiPahtsan 2 votes
Regularly attending meetings
0%

Comments

  • AdaptPrepAdaptPrep Des Moines, IA, USAPosts: 211 Sr Associate
    Being in good standing with management

    It is not necessary for a Board member to enjoy talking with management, or vice versa. And while antagonism isn't necessarily the goal, you don't want the Board to become too close with management, or they may lose some independence.

    PassedTense
    Level I:  Adapt Exam Engine + Video Lessons + Study Manual
    Level II: Adapt Exam Engine + Video Lessons
    Level II: Coming 2016

    Free Trial with mock exam!
    www.passedtense.com

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