CFA CFA Level 1 Question of the Week – Corporate Finance

Question of the Week – Corporate Finance

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    • Avatar of AdaptPrepAdaptPrep
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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
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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.

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