CAF-4 · Chapter 23 · Question 1 of 7
During an Annual General Meeting, what restriction applies to the members regarding the final dividend proposed by the board of directors?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) The members cannot increase the amount of dividend proposed by the directors.
Explanation
While members at a general meeting can accept, reject, or decrease the dividend recommended by the board of directors, they do not have the power to increase the proposed dividend amount.
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