- 1 Marks
BCL – L1 – SA – Q80 – Company Directors
Question
The board of directors delegate the power to
A Issue debentures
B Issue of shares
C Invest the fund
D Make loans
Answer
D
Explanation:
The correct answer is D because the board of directors can delegate certain powers, such as making loans, to committees or officers, depending on the company’s articles. Issuing debentures (A) and shares (B) typically requires board or shareholder approval, and investing funds (C) is often a board function, making D the most delegable.
- Tags: Board Powers, Company Law, Delegation
- Level: Level 1
- Uploader: Samuel Duah