Chapter 12 - Oversight By Regulators Flashcards
1
Q
How often should listed companies undertake a board evaluation?
A
i) Internally Every year
ii) Externally facilitated At least every three years – FTSE 350 companies
2
Q
Must every director be evaluated every year?
A
No
3
Q
Should evaluations follow the same format and cover the same topics each year?
A
No
4
Q
What are the two main options available to members under the Act to take action against directors?
A
Actions for unfair prejudice or derivative action claim
5
Q
Of whose interests should directors be most mindful?
A
The members
6
Q
In general how is the power of entry and search granted and who to?
A
By the courts/magistrates to a police constable
7
Q
Can an HMRC inspector with the power of arrest make an arrest for any criminal offence?
A
No their power is limited to HMRC offences
