Chapter Questions
What are the duties of corporate directors and officers?
What must directors do to avoid liability for honest mistakes of judgment and poor business decisions?
What is a voting proxy? What is cumulative voting?
If a group of shareholders perceives that the corporation has suffered a wrong and the directors refuse to take action, can the shareholders compel the directors to act? If so, how?
From what sources may dividends be paid legally? In what circumstances is a dividend illegal? What happens if a dividend is illegally paid?