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Hi)
i’ve just taken and did online test F4 from open tuition. and having a doubt some question and answers1) What proportion of the board of directors of an FTSE 350 company shall retire each year?
*one third
*100%
*25%
*50%
my answer was one third(which i read from BPP study text), but the correct answer was 100% .
is there any evidence that 100%? eg.kaplan study text 2015 p218 its said that at each AGM one-third of the directors must retire2) What percentage of members’ votes shall be cast in favour in order that an anual general meeting shall validly be held even without the “normal’ notice period?
the answer is 100%
i couldn’t find any information about 100%. is there any proof?THANKS for your answers
Annual reelection of officers for ftse 350 companies is recommended by the Corporate Governance Code and is a “Comply or explain” situation whereby, if they DON’T comply, the company should explain WHY they haven’t complained
Technically the answer should be “one third” but practically it’s 100%
100% consent to short notice of an AGM for a public company? Section 337 (2) Companies Act 2006
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