CIMA Fundamentals of Ethics, Corporate Governance and Business Law BA4 Question # 159 Topic 16 Discussion
BA4 Exam Topic 16 Question 159 Discussion:
Question #: 159
Topic #: 16
The articles of association of Zed Ltd provide that Z is to be an executive director for life. Zed is also a shareholder in the company.
Which ONE of the following is CORRECT?
A.
Despite the provision in the articles Z can be dismissed at any time by an ordinary resolution.
B.
As an executive director Z is an employee of Zed Ltd and is entitled to employment protection rights.
C.
Z may sue the company for breach of contract in respect of the provision in the articles of association as they form a contract between the members and the company.
D.
Z is entitled to vote as a shareholder in relation to a proposed resolution to dismiss him as a director.
Chosen Answer:
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