How Boards and Directors work – Quiz

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Question 1 of 4

1. Question
Q1. What legal responsibility does a Non Executive Director (NED) have ?
- a) The same as every other Director
- b) Limited, NEDs’ responsibilities are limited to their roles on Board sub-committees such as audit, remuneration (pay) and succession
- c) Very limited, NEDs are only responsible for corporate governance
- d) None, NEDs are only required to attend board meetings and make good comments
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Question 2 of 4

2. Question
Q2. Does a UK Director require formal training before their appointment ?
- a) No : there are no formal training requirements for Directors in the UK
- b) Sometimes : requirements for Director training depend on the nature and size of the company
- c) Sometimes : formal requirements for Director training are being lowered in order to attract more minorities and women to Boards
- d) Yes : all Directors required formal training and examination before appointment
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Question 3 of 4

3. Question
Q3. Types of Directors – which of the following statements are true
- a) Investor Directors : have all the responsibilities of a Director, but are also responsible for leading communications with shareholders
- b) Scientific Advisory Boards (SABs) : are made up of specialist advisors, have no executive powers and are set up to advise the CTO (chief technical officer) and their team
- c) Shadow Directors : are not formally appointed act as Directors but behave as if they are. This can cause serious legal problems for the Board if their decisions are led by a Shadow Director
- d) All of the above
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Question 4 of 4

4. Question
Q4. Non Executive Directors (NEDs)
- a) Are just on Boards to make up the numbers, and so best seen as Irrelevant Directors (IDs)
- b) Should just go along with the Executive Team’s plans, as the executives are full time and closer to the business issues, so better informed
- c) Need to have long, fixed contracts so that they have time to learn about the business and add value
- d) Play an important role by bringing in relevant, external expertise to the Board, and, being separated from day-to-day issues, can constructively challenge the executive team
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How Boards and Directors work – Quiz

How Boards and Directors work – Quiz

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