In a stock split or stock dividend, the company issues additional shares rather than cash to its shareholders.()
- · 有6位网友选择 错,占比75%
- · 有2位网友选择 对,占比25%
A.Unweighted price series.
B.Price-weighted series.
C.Market value-weighted series
A、A、 Shares being held by the directors of the Company cannot be transferred within three years after resignation.
B、B、 The company repurchases back 10 million of its shares within one year as stock options.
C、C、 Shares being held by Supervisor of the Company can be sold after being approved by the general shareholders meeting at the time of resignation.
D、D、 In any time, a company must not accept its own shares as collateral.
Bluebird Enterprises Co (Bluebird) is a retail company planning to list on a stock exchange within the next six months, and management has been advised by the company’s auditors about the need for compliance with corporate governance provisions. In particular, the finance director is looking to recruit non-executive directors as he understands that Bluebird will need to establish an audit committee.
The finance director has two potential non-executive directors whom he is considering approaching to join the board of Bluebird. Antony Goldfinch is currently an executive sales director of a listed multi-national banking company; he sits on an audit committee of another company as a non-executive director and is agreeable to being paid a fixed fee which is not related to profits. Jacob Mallard is currently a finance director of a small retail company, which does not compete with Bluebird; he has expressed an interest in a fixed seven year contract and he is the brother of Bluebird’s chief executive.
Required
(a) Explain the benefits to Bluebird Enterprises Co of establishing an audit committee. (4 marks)
(b) Discuss the advantages and disadvantages of appointing:
(i) Anthony Goldfinch; and
(ii) Jacob Mallard
as non-executive directors of Bluebird Enterprises Co.
Note: The total marks will be split equally between each part. (6 marks)
A.in
B.on
C.to
D.upon
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