CFA CFA Level 1 Question of the Week – Corporate Finance

Question of the Week – Corporate Finance

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    • AdaptPrep
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      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
    • AdaptPrep
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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.

    • shannondaily
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      Boo! I got it wrong. :neutral_face: 

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

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