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The legal quorum for holding the ordinary general assembly is:
A. Second meeting: at least a quarter of the company's capital.
B. Second meeting: The meeting is valid regardless of the number of subscribers present.
C. Second meeting: at least half of the company's capital.
Answer: B
NEW QUESTION # 14
In the context of conflicts of interest, members of the board of directors are prohibited from:
A. Trading company shares based on insider information.
B. Trading shares during the prohibited periods specified by the Capital Market Authority.
C. All of the above.
Answer: B
NEW QUESTION # 15
Best practices generally indicate that the optimal number for forming the board of directors in family companies is:
A. ranging from 7 to 9 members
B. ranging from 5 to 9 members
C. ranging from 3 to 7 members
Answer: A
NEW QUESTION # 16
Among the responsibilities of the board of directors is to ensure the application of:
A. Appropriate control systems for measuring and managing risks.
B. Control systems that cover all activities.
C. Traditional internal control systems.
Answer: A
NEW QUESTION # 17
The classification of independent board members includes, and among the symptoms of a lack of independence are:
A. He receives a financial amount as a bonus in addition to the remuneration for his board membership or any of its committees that exceeds 250,000 riyals or 50% of his remuneration in the previous year.
B. He has spent more than 9 consecutive or separate years as a member of the company's board of directors.
C. The percentage of his ownership is 10% or more of the company's shares.
Answer: B
NEW QUESTION # 18
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