Ask Question
12 November, 06:08

Linda owns and runs her own firm. She also serves on the boards of several companies. Although she does not work for these companies, she attends board meetings, analyzes information, and tries to act in the best interests of their shareholders. Linda is an example of an outside director.

a) true

b) false

+5
Answers (1)
  1. 12 November, 09:08
    0
    The answer, in this case, would be true or option a) given in the answer choices.

    Explanation:

    In any business, an outside director is commonly identified as an individual who is officially not an employee or a shareholder of the company or business enterprise. An outside director can board meetings, analyze essential business information and interact and share opinions with the shareholders regarding company decisions and operational modes. The outside director is also eligible to receive certain financial benefits such a periodic annual fee and other stock/bond investment options.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Linda owns and runs her own firm. She also serves on the boards of several companies. Although she does not work for these companies, she ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers