SELF TEST QUESTIONS

Self Test Questions No$.42($for Answers see Appendix $1)$:

$1$ What is the role of directors vis a vis fellow directors on the board and members?

$2$ How are directors appointed and removed?

$3$ What is the nature and source of a director's powers?

$4$ Outline the disclosure requirements placed upon directors.

$5$ What is a fiduciary and what are directors' fiduciaries?

$6$ What is insider dealing?

$7$ What are the defences and penalties for insider dealing?