Of the following, which is the least necessary qualification for a member of a company's Board of Directors? Being in good standing with management Having attentive and competent expertise Regularly attending meetings

This question is kinda rigged because its also important that board members and management have the ability to meet independently...

It is not necessary for a Board member to enjoy talking with management, or vice versa. And while antagonism isn't necessarily the goal, you don't want the Board to become too close with management, or they may lose some independence.

Question Of The Week - Corporate Finance (11) - CFA Level 1

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This topic has 3 replies, 3 voices, and was last updated Jan-1812:17 am by jmsatchwell.

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- AdaptPrep
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  04 Oct 2017 at 8:01 am
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  It is not necessary for a Board member to enjoy talking with management, or vice versa. And while antagonism isn’t necessarily the goal, you don’t want the Board to become too close with management, or they may lose some independence.
- jmsatchwell
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  25 Jan 2018 at 12:17 am
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  This question is kinda rigged because its also important that board members and management have the ability to meet independently…
- shannondaily
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  24 Jan 2018 at 8:32 am
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  Boo! I got it wrong. :neutral_face:
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