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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Ch 40 Directions and Officers #1 assignment

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Q 1) How does a director get to be a director? 2) How does an officer get to be an officer? 3) How does a director get to be removed before the end of his/her term? 4) How do directors conduct business? 5) What's a quorum? 6)What is a director's right of indemnification? SECTION 2 1) Discuss the Business Judgment rule in connection with a director/officer's duty of care.

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) The first Board of Directors are usually appointed by the incorporators of an organization (Clarkson, Miller & Cross, 2016). The directors are then elected by the shareholders of the organization. Effective/efficient managerial skills are required to be shown by a director to ensure that there is coordination with different levels of staff members. A one-year term period is usually served by a director. However, the term period of a director can be extended (Clarkson, Miller & Cross, 2016). A director has to learn to implement new laws and take important decisions of the company appropriately.