Chapter 12 - Oversight By Regulators Flashcards

1
Q

How often should listed companies undertake a board evaluation?

A

i) Internally Every year

ii) Externally facilitated At least every three years – FTSE 350 companies

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2
Q

Must every director be evaluated every year?

A

No

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3
Q

Should evaluations follow the same format and cover the same topics each year?

A

No

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4
Q

What are the two main options available to members under the Act to take action against directors?

A

Actions for unfair prejudice or derivative action claim

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5
Q

Of whose interests should directors be most mindful?

A

The members

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6
Q

In general how is the power of entry and search granted and who to?

A

By the courts/magistrates to a police constable

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7
Q

Can an HMRC inspector with the power of arrest make an arrest for any criminal offence?

A

No their power is limited to HMRC offences

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