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Question
Explain the following term/concept:
Initiative
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Solution
(1) Initiative means the ability or the power or opportunity to act or take charge before others do. The initiative can also mean a personal quality that shows a willingness to get things done and take responsibility. It is the start of something with the hope that it will continue.
(2) A company secretary is required to take initiative (a lead) in making arrangements for the board meetings. The company secretary informs the directors to convene Board meetings, shareholders meeting on schedule time. He takes initiative to convene different meetings of the company. Secretary also takes initiative to help directors in the smooth conduct of the meetings.
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RELATED QUESTIONS
Select the correct answer from the option given below and rewrite the statement:
Representatives of shareholders are __________.
Select the correct answer from the option given below and rewrite the statement:
The notice of the meeting of the Board of Directors must be accompanied by __________.
Select the correct answer from the option given below and rewrite the statement:
___________ looks after the management of a company.
Select the correct answer from the option given below and rewrite the statement:
The Directors take decisions at ______ meeting.
Select the correct answer from the option given below and rewrite the statement:
The gap between two consecutive Board Meetings should not be more than ______ days.
Match the pairs:
| Group ‘A’ | Group ‘B’ |
| a) Directors | 1) At least 2 Directors |
| b) Absenteeism of Director in Board Meetings | 2) At least 3 Directors |
| c) Public Company | 3) Disqualification of director |
| d) Private Company | 4) Representatives of shareholders |
| e) Notice of a Routine Board Meeting | 5) 21 clear days |
| 6) 7 days | |
| 7) 70 days | |
| 8) Representative of public | |
| 9) At least 20 directors | |
| 10) At least 30 directors |
Write a word or a term or a phrase which can substitute the following statement.
An elected body of representatives of Shareholders.
Write a word or a term or a phrase which can substitute the following statement.
An employee of a company who provides guidance and advice to the Board of Director about business matters.
Write a word or a term or a phrase which can substitute the following statement.
A meeting of all the directors of a company.
State whether the following statement is true or false:
Directors act as trustees of the company.
State whether the following statement is true or false:
Directors act as agents and trustees of the company.
State whether the following statement is true or false:
Company Secretary need not attend the board meetings.
Select the correct option from the bracket:
| Group A | Group B |
| Notice of board meeting | _______________ |
Select the correct option from the bracket:
| Group A | Group B |
| Duty of directors | ______________ |
Write a letter to the director who was absent for a board meeting to inform him about proceeding of the meeting.
Justify the following statement:
The Board of Directors are the elected representatives of the shareholders.
Justify the following statement:
Directors exercise their powers and authorities collectively as a Board.
Explain the following term/concept:
Conciseness
Answer in one sentence:
Can a Director who was absent at Board Meeting get a copy of minutes of that Board Meeting?
Write a letter to the director requesting him to disclose his personal interest in a contract.
