The shareholders have the authority to remove a director in this scenario when only one member of the board of directors refuses to step down.
What is board of directors?
A board of directors, also known as the board or simply the board, is an executive committee that collectively oversees the operations of an organisation. This organisation may be for-profit or nonprofit, such as a <u>company, nonprofit, or government agency</u>.
Governmental regulations, including the corporate law of the applicable jurisdiction, as well as the organization's possess constitution and by-laws, set forth the rights, obligations, and obligations of a board of directors. These authorities may determine the number of board members, the process for selecting them, and the frequency of their meetings.
The full membership of an organisation that has voting members, who typically elect the board members, is responsible to and may be subordinate to the board in such an organisation.
Because In general, the sole authority to remove a director rests with the shareholders. A resolution to remove a director must be approved by a majority of shareholders at a special general meeting.
To learn more about board of directors
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Answer:
$2,014
Explanation:
Alain's net investment income tax is the lesser of 1) his net investment income ($53,000) or 2) his modified adjusted gross income less the threshold of $200,000 .
Therefore
$304,000 - $200,000 = $104,000
3.8%×$104,000= $3,952
($53,000 × 3.8% )= $2,014
The additional tax that alain will pay on his net investment income for the year is $2,014
Answer:
B. decision styles are consistent among top managers
Explanation:
Decision making styles differ between managers. Many managers exercise autocratic style which is authoritative wherein very limited inputs from the subordinates are taken and there is little scope for constructive advises.
In heuristic style, the strategies help managers to take clear cut decisions in a prompt manner. In such a form, decisions are arrived at quickly.
Managerial decision making methods differ from manager to manager and are an outcome of managers own judgement and demeanor.
Hence it is evident from above points that decision styles are not consistent among top managers.
Answer:
carrot cake originated from such carrot puddings eaten by Europeans in the Middle Ages, when sugar and sweeteners were expensive and many people used carrots as a substitute for sugar.
Answer:
Option B fits perfectly,$1.61
Explanation:
Basis earnings per share is the total earnings attributable to common stock divided by the weighted average number of common stock in the year.
Earnings attributable to common is net income minus preferred stock dividends
Net income is $361,000
preferred stock dividend=20,100*$1.70=$ 34,170.00
earnings attributable to common stock=$361,000-$ 34,170=$ 326,830
Weighted average number of common stock is 203,000 shares
basic earnings per share= $326,830/203,000=$1.61
The correct option is B,$1.61
