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SECTION 7.0 – THE BOARD OF DIRECTORS
7.1 Which of the following answers is correct?
The governing body is the body through which the organisation acts, and its main responsibilities are to ensure that the organisation operates within:
Which of the following key organisation information should governing body members receive upon their appointment is correct?
8.3 Is the following statement true?
The legal standard of conduct required of non-executive and executive governing body members of a Non-Profit organisation is the same.
8.4 Is the following statement true or not?
The main function of governing body members can be best described as exercising good stewardship over the plans, funds and resources of the organisation and their provident application towards the accomplishment of the declared purpose of the business.
8.5 Which of the following statements is incorrect?
The main duties of governing body members individually are to:
8.6 Which of the following statements is incorrect?
8.7 Which of the following statement is incorrect?
Governing body members of non-profit organisations are not liable if they:
8.8 Which of the following statements are correct?
8.9 Is the following statement true or not?
It is the responsibility of governing body members to ensure that adequate and proper accounting records are maintained.
9.1 Is the following statement true or not?
Although there is no legal requirement for the governing body to have a Chair, the standard founding document for the establishment of the organisation usually provides for the appointment by the governing body members of a Chairperson from among their number.
9.2 Which of the following statements is incorrect?
9.3 Which of the following functions is not the responsibility of the chair?
7.3 Which of the following answers is incorrect?
9.4 Is the following statement true or not?
If in the considered judgement of the Chair, the governing body is not sufficiently informed on a matter before it, the decision can be delayed or the meeting adjourned until sufficient information can be obtained.
9.5 Decisions taken by governing body members are in most cases by “tacit majority.” Does this mean that a vote has to be taken before each governing body decision can be made?
7.4 Is the following statement correct?
A Non-Profit organisation must keep minutes of meetings of governing body meetings for a period of seven years after the date of each such meeting.
7.5 Which of the following statements is correct?
7.6 Is the following statement incorrect?
The standard of conduct for governing body members (directors), as laid down in the Companies Act of 2008, is different for governing body members individually and as a governing body collectively.
7.7 Which of the following statements is correct?
The main functions of a governing body are as follows:
7.8 Which of the following statements is incorrect?
8.1 Is the following statement true?
Governing body members collectively are responsible for the direction of the organisation and, where applicable, are also accountable to the members of the organisation.
8.2 Is the following statement true?
A governing body member who disclosed a personal financial interest at meeting of the Governing body is not required to leave the meeting after having made a full disclosure.