Author Question: The nominating committee of the board of directors actually determines the board's membership ... (Read 221 times)

melly21297 · **on:** Jun 24, 2018

The nominating committee of the board of directors actually determines the board's membership because:
A) they are the only ones who can vote on this matter.
B) virtually all shareholders who vote for directors do so through the use of a proxy, and the majority of shareholders who return their proxies vote as management advises.
C) very few institutional investors exercise their right to vote their shares, so the choice of the nominating committee usually prevails.
D) most individual investors exercise their right to vote their shares, and they tend to rely on the recommendation of the nominating committee.

Question 2

William has a contract to build a new office building for Angela. The contract contains a provision requiring William to furnish a certificate of occupancy from the building inspector before Angela is required to pay. This provision is:
A) an express condition.
B) an implied-in-fact condition.
C) an implied-in-law condition.
D) a condition subsequent.