Corporate Directors, Officers, and Shareholders
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| inside director | A person on the board of directors who is also an officer of the corporation.
🗑
|
||||
| outside director | A person on the board of directors who does not hold a management position at the corporation.
🗑
|
||||
| quorum | The minimum number of members of a decision-making body that must be present before business may be transacted.
🗑
|
||||
| business judgment rule | Immunizes corporate directors/officers from liability for decisions that result in corporate losses/damages as long as they took reasonable steps to become informed, had a rational basis for decisions, and did not have a conflict of interest.
🗑
|
||||
| proxy | In corporate law, a written or electronically transmitted form in which a stockholder authorizes another party to vote the stockholder’s shares in a certain manner.
🗑
|
||||
| stock certificate | Issued by a corporation evidencing the ownership of a specified number of shares in the corporation.
🗑
|
||||
| preemptive rights | Entitle shareholders to purchase newly issued shares of a corporation’s stock, equal in percentage to shares already held, before the stock is offered to outside buyers; maintain their proportionate ownership and voice in the corporation.
🗑
|
||||
| stock warrant | The right to buy a given number of shares of stock at a specified price, usually within a set time period.
🗑
|
||||
| shareholder’s derivative suit | A suit brought by a shareholder to enforce a corporate course of action against a third person.
🗑
|
||||
| watered stock | Shares of stock issued by a corporation for which the corporation receives, as payment, less than the stated value of the shares.
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
leighg2011
Popular Law sets