- 15 Marks
BCL – May 2021 – L1 – Q3a – Company Directors and Other Officers
Explanation of the limitations on directors' powers and ways a director's appointment can be terminated.
Question
In accordance with the Companies Act, 2019 (Act 992), the directors shall not, without the approval of an ordinary resolution of the company, exceed the powers conferred on them.
Required:
i) State THREE (3) limitations on the powers of directors. (9 marks)
ii) Explain THREE (3) ways in which a director’s appointment can be terminated. (6 marks)
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