Chapter 14 Self-test questions

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. Identify the two methods by which a resolution of the company can be passed.

At a meeting of the company correct incorrect

By using the unanimous assent procedure correct incorrect

By using the written resolution procedure correct incorrect

At a board meeting correct incorrect

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. Identify which of the following statements are true.

An ordinary resolution will be passed if 50 per cent of the members vote for it correct incorrect

A special resolution requires a majority of over 75 per cent to pass correct incorrect

A resolution requires a simple majority to pass, but the articles can specify a higher majority or unanimity correct incorrect

An ordinary resolution requires a simple majority to pass correct incorrect

A special resolution requires a majority of not less than 75 per cent to pass correct incorrect

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. Regarding written resolutions, identify which of the following statements are untrue.

Companies do not need to use the written resolution procedure in the CA 2006 and are free to devise their own written resolution procedure. correct incorrect

Only private companies can use the written resolution procedure correct incorrect

Written resolutions require the same majorities as resolutions passed at a meeting. correct incorrect

A written resolution can be used for any resolution that could take place at a meeting correct incorrect

Once the required majority is reached, the resolution is passed correct incorrect

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. Regarding the unanimous assent rule, identify which of the following statements are untrue.

The unanimous assent rule has been codified in the CA 2006 correct incorrect

The unanimous assent rule can be used in place of any resolution correct incorrect

The unanimous assent rule can be used in place of a special resolution correct incorrect

Unanimous assent will only suffice if the members had appropriate or full knowledge of the matters in question correct incorrect

The unanimous assent rule can be used to obtain assent in cases where a decision cannot be taken at a meeting correct incorrect

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. A general meeting of the company can be called by?

The members correct incorrect

The directors correct incorrect

The company's auditor correct incorrect

The company secretary
*d. The court correct incorrect

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. How much notice must be provided for the AGM of a public company?

14 clear days correct incorrect

21 clear days correct incorrect

20 working days correct incorrect

28 clear days correct incorrect

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. In relation to a general meeting, what is a quorum?

The number of members eligible to vote at the meeting correct incorrect

The minimum number of members required to be present correct incorrect

The minimum number of qualifying persons required to be present correct incorrect

The number of members who attend the meeting correct incorrect

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. A person appointed by a member to attend, vote and speak at general meetings on behalf of that member is known as?

A nominee correct incorrect

A corporate representative correct incorrect

An executor correct incorrect

A proxy correct incorrect

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. Which of the following companies are required to hold an AGM?

A private company correct incorrect

A public company correct incorrect

A private company that is also a traded company correct incorrect

A private company whose articles state that it will hold an AGM correct incorrect

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. The code of practice that is aimed at institutional investors is known as?

The UK Corporate Governance Code correct incorrect

The UK Stewardship Code correct incorrect

The Wates Corporate Governance Principles correct incorrect

The Myners Report correct incorrect