Quizalize logo
placeholder image to represent content

Directors and directors duties

Quiz by Paul Drury

Feel free to use or edit a copy

includes Teacher and Student dashboards

Measure skills
from any curriculum

Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.

With a free account, teachers can
  • edit the questions
  • save a copy for later
  • start a class game
  • automatically assign follow-up activities based on students’ scores
  • assign as homework
  • share a link with colleagues
  • print as a bubble sheet

Our brand new solo games combine with your quiz, on the same screen

Correct quiz answers unlock more play!

New Quizalize solo game modes
20 questions
Show answers
  • Q1
    Which one of these is NOT a duty of company directors?
    The duty to exercise reasonable care, skill and diligence.
    The duty to act within powers.
    The duty not to accept gifts from third parties.
    The duty to have relevant qualifications.
    30s
  • Q2
    A director whom the other directors are accustomed to following the instructions of is called a what?
    shadow director
    30s
  • Q3
    What is a "de facto" director?
    Offically one and acts like one.
    None of these.
    Not officially one and does not act as one.
    Not officially one, but acts like one.
    30s
  • Q4
    How many directors must there be in a private company?
    There is no minimum number.
    It depends on the articles of association.
    Two
    One
    30s
  • Q5
    The case of Regal (Hastings) v Gulliver involved consideration of which directors duty?
    The duty to avoid a conflict of interest.
    Duty to promote the success of the company.
    Duty not to accept gifts from third parties.
    Duty to act within powers.
    30s
  • Q6
    Under the Companies Act 2006 can the directors authorise a transaction where a director has a conflict of interest?
    Yes.
    Yes, so long as the company is a private company?
    No.
    Yes, so long as the company is not a dormant company.
    30s
  • Q7
    The company shareholders can vote to remove a director. What is the voting required to do so?
    A simple majority.
    A three quarters majority.
    A consensus (unanimous).
    A two thirds majority.
    30s
  • Q8
    A "Bushell v Faith" clause in the Articles can do what?
    Allow weighted voting.
    Reduce the number of directors.
    Allow for the issue of additional shares.
    Increase the number of directors.
    30s
  • Q9
    Which of these are fiduciary duties of directors?
    Avoid a conflict of interest.
    Excercise powers for the purpose for which they are conferred,
    Not to accept benefits from third parties.
    All of them.
    30s
  • Q10
    "A director of a company must avoid a situation in which he has or can have, a direct or indirect XXXX that conflicts, or possibly may conflict, with the interests of the company." What is the missing word XXXX?
    Opportunity
    Interest
    Share
    Advantage
    30s
  • Q11
    Statement 1 "Where a director resigns to exploit property, information or an opportunity of a conflict of interest, he will be liable to account." Statement 2 "A director has a duty to disclose their own misconduct to the company, and failure to do so is itself a breach of his fiduciary duties." Are these two statements true or false?
    1. True 2. True
    1. False 2. False
    1. False 2. True
    1. True 2. False
    30s
  • Q12
    What kind of director is involved in the day to day running of business?
    executive director
    30s
  • Q13
    A chairman, appointed by the directors can have what?
    casting vote
    30s
  • Q14
    Which of the following is not a fiduciary duty of a director?
    Duty to avoid a conflict of interest with the company.
    Duty to act within powers.
    Duty not to accept a benefit on behalf of a third party.
    Duty to exercise reasonable care, skill and diligence.
    30s
  • Q15
    What remedies are available for the breaches of fiduciary duties of directors, depending on the circumstances of the case?
    Damages.
    All of them.
    Setting aside a transaction.
    Injunction.
    30s

Teachers give this quiz to your class