Companies: Ownership Flashcards
1
Q
What is the age limit to be a director?
A
16
2
Q
Def: Quasi partnerships
A
Companies that in effect, operate as small partnerships of a limited number of individuals
3
Q
Can a written resolution be used in order to remove a director from office
A
No
4
Q
Def: Non-executive director
A
A formally appointed director that is not involved in the day-to-day running of the business
