JURI 615 Quiz Governance and Compliance| Questions and Answers Latest Updated 2026 (Graded A+)-Liberty University

JURI 615 Quiz Governance and Compliance| Questions
and Answers Latest Updated (Graded A+)- Liberty
University
Question 1
pts
Who ultimately owns a corporation?

The executives


The board of directors

The board of advisors

Shareholders



Question 2
pts
Shareholders typically make day-to-day decisions

True



False



Question 3
pts
Which of these is not a requirement to be eligible to submit a shareholder
proposal under current SEC rules?

Own a minimum of 5% of the company


Be a shareholder



Own at least $2,000 worth of shares

, Own shares for at least one year prior from the date of submission



Question 4
pts
Which of these is required under the Dodd-Frank Act?


Shareholder approval on all compensation decisions


Shareholder advising on all compensation decisions



At least triennially, a shareholder proxy, consent, or authorization on
compensation of executives



Vote on payroll decisions in excess of $500,000



Question 5
pts
Based on empirical studies, a larger board is necessarily more effective


True


False



Question 6
pts
A board of directors in which members serve for multiple years, and only a
portion changes each year, is known as a:


Parliamentary board