If the board delegates to a committee its duty to select a new company president:
A) the members of that committee may be responsible individuals other than board members.
B) the committee must be approved by the shareholders.
C) the non-committee directors are relieved of liability for acts of the committee.
D) the committee must consist of board members.
Question 2
A novation is an agreement between two parties to have one substitute for the other in a contract.
Indicate whether the statement is true or false
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