Question

Select the correct option give below:

Shares to be purchased by the directors to acquire qualification for directorship ____________ shares.

• A. qualification
• B. ordinary
• C. bonus
• D. none of these

Answer 1

The correct option is A qualification

A share of common stock that a candidate for a company's Board of Directions (BOD) is required to own. The term does not reflect a difference in the properties of a qualifying share compared to common shares held by other shareholders. Instead, it refers to the requirement that a member of the board must hold a vested interest in the operation of the enterprise in the form of company stock.