1. What is the difference between an executive director and a non-executive director?
A. The executive director heads a board committee; the non-executive director does not.
B. The executive director is also a member of management, while the non-executive director is not.
C. There is no difference.
2. Which characteristic would disqualify a director from being independent?
A. A member of the company’s management.
B. An expert in the company’s industry.
C. An executive at another company.
3. One of the following committees is most common for a board of directors. The others are optional. Which one is most common?
A. Mergers and acquisitions.
B. Audit committee