1.                 Is the following statement true or false? A resolution at a directors’ meeting will be approved if 50% of the directors vote in favour of the resolution.                                                                                        

2.                 What is the quorum for a directors’ meeting where the company has the following number of directors?

(i)            two directors

(ii)           three directors

(iii)         nine directors

(iv)         twelve directors                                                                        

3.                 When the directors of a public company have a meeting, the following individuals cannot be included in determining the quorum for that meeting. Indicate “true” or “false” AND give a reason for your choice.

(i)          company secretary

(ii)         independent non-executive chairperson

(iii)       other non-executive directors

(iv)       the chief audit executive (head of internal audit)