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DIRECTORS

This topic has 5 replies, 2 voices, and was last updated 1 month ago by MikeLittle.

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July 4, 2022 at 4:45 pm #659920
Eunice03
- Topics: 40
- Replies: 35
What proportion of the board of an FTSE 350 company shall retire each year?
a. 50%
b.100%
c.one third
d.25%

ANS- 100%

Good day sir,I thought it was only during the first AGM that all the directors retired and each year subsequently, only one third retired.I’ll appreciate if you can explain better.
July 4, 2022 at 8:12 pm #659951
MikeLittle
Keymaster
- Topics: 26
- Replies: 22588
No problem! It’s a relatively recent requirement that ALL the directors of an FTSE 350 shall retire every year and seek re-election. It’s part and parcel of the growing ‘popularity’ of corporate governance

OK?
July 5, 2022 at 12:02 pm #659999
Eunice03
- Topics: 40
- Replies: 35
Is it only FTSE 350s or all public companies?
July 5, 2022 at 8:11 pm #660031
MikeLittle
Keymaster
- Topics: 26
- Replies: 22588
Not all public companies – just the big ones

OK?
July 6, 2022 at 1:22 am #660049
Eunice03
- Topics: 40
- Replies: 35
Ok sir.Thank you
July 6, 2022 at 6:17 am #660059
MikeLittle
Keymaster
- Topics: 26
- Replies: 22588
You’re welcome
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