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Under what conditions can a Board of Directors meeting be called on shorter notice?
  • a)
    Only if an Independent Director is present
  • b)
    Always without any conditions
  • c)
    If an Independent Director is absent, the decision needs ratification
  • d)
    Only if there are no Independent Directors
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Under what conditions can a Board of Directors meeting be called on sh...
A meeting of the Board of Directors can be called on shorter notice, but if the company requires Independent Directors, at least one Independent Director's presence is needed. In case of absence, the decision taken at the meeting requires ratification by at least one Independent Director.
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Under what conditions can a Board of Directors meeting be called on shorter notice?a)Only if an Independent Director is presentb)Always without any conditionsc)If an Independent Director is absent, the decision needs ratificationd)Only if there are no Independent DirectorsCorrect answer is option 'C'. Can you explain this answer?
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