1) This body may also be called the GM or AGM. a) Shareholder's Meeting b) Supervisory Board c) Management Board 2) A ____________ subscribes for shares. a) President of the Management Board b) Shareholder c) Chairperson 3) Members of the Management Board _______. a) usually meet once a year b) contribute funds to the company c) must act in the best interest of the company 4) This body approves company financial statements. a) Management Board b) Supervisory Board c) General Meeting of Shareholders 5) _________ prepares assessment of the Management Board's performance of their duties. a) General Meeting b) Supervisory Board c) Board of Directors 6) This body may review all Company records. a) Supervisory Board b) Management Board c) Shareholders' Meeting 7) Shareholders' Meeting _____________. a) approves the financial statements of the company b) works hard to maximize the profit for the company c) may appoint and recall members of the Supervisory Board d) represents the company in relations with third parties 8) __________ owes a duty of care to the Company and may bear personal liability for misdeeds. a) Management Board b) Supervisory Board c) Shareholders' Meeting 9) The Supervisory Board ___________. a) meets whenever necessary b) generally meets once a year c) meets four times a year 10) This body decides about the Company objects, policies and strategies. a) the AGM b) Management Board c) Supervisory Board 11) One of their goals is to maximise profit for Shareholders. a) Supervisory Board b) Management Board 12) They advise and supervise the Management Board. a) Supervisory Board b) Shareholders' Meeting 13) In this body the Chairperson has the casting vote. a) General Meeting b) Management Board c) Supervisory Board 14) They deal with the day-to-day operations of the Company. a) Management Board b) Supervisory Board c) Shareholders' Meeting 15) The Management Board __________. a) decides whether to distribute profit or retain it in the company. b) is appointed by the Shareholders' Meeting c) must observe company's policies and strategies d) may not pass resolutions 16) This body discharges the Members of the Management Board from the performance of their duties. a) Management Board b) Supervisory Board c) General Meeting

Company Governing Bodies Quiz

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