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Dear Mike,
I got some questions on MCQs of Dec 2014 sitting.
#10 Which of the following applies to the concept of enlightened shareholder value?
A It is the price shares can be expected to raise if they were to be sold
B It is the yardstick for assessing the performance of directors’ duties
C It is the standard of behaviour expected of shareholders in general meetingsI’m not familiar with this concept, can you please indicate which chapter it states or please brief me more about his concept.
#20 Which of the following requires court approval before the appointment of an administrator?
A Creditors
B Holders of floating charges
C The directors of the company
D The company itselfI don’t understand what the question asked when I see the 4 choices. From the question it should be something be approved by court.?
#44 Which of the following correctly applies to the burden of proof in a criminal case?
A It must be proved beyond reasonable doubt
B It must be proved on the balance of probabilities
C It lies with the prosecution
D It lies with the defenceAnswer is C. However why A is incorrect?
Could you please help me clarify these 3 questions?
Thank you very much!
Enlightened shareholder value is described on the Internet as “the idea that companies should pursue shareholder wealth with a long-run orientation that seeks sustainable growth and profits based on responsible attention to the full range of relevant stakeholder interests”
Looking at the three options that you have given me, it appears that B most closely fits the above
The holders of a debenture secured by floating charge have the right to appoint an administrator without reference to the court. Thus, the court will not be involved in the appointment of an administrator without first getting the consent / approval of those floating charge debenture holders
Guilt must be proved beyond reasonable doubt. The burden of proof of guilt lies with the prosecution
Ok?
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