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DIRECTORS

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › DIRECTORS

  • This topic has 5 replies, 2 voices, and was last updated 1 month ago by MikeLittle.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • 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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