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

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 (2) - CFA Level 1

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  12 Sep 2018 at 8:16 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.
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