Which of the following are required to qualify as a Statutory Independent Director under Michigan law: Group of answer c
Posted: Fri Jul 01, 2022 8:22 am
Which of the following are required to qualify as a StatutoryIndependent Director under Michigan law: Group of answer choices a.Must be appointed by a select committee of the existing Board,rather than elected by shareholders. b. Must have at least 5 yearsof relevant experience in business, finance or legal matters. c.Must not have engaged in any transactions with the company over$10,000 during the 3 years prior to serving as an independentdirector. d. Only answers b. and c. are correct. e. Answers a., b.and c. are all correct.