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Law/531 Week 5 Quiz Unless otherwise stated in the articles of incorporation, a quorum to hold a meeting of the shareholders is generally defined as which of the following? A committee of directors selected to vote on a corporation action The number of registered shareholders eligible to vote at a given time A majority of shareholders required to be present to vote on a corporate action The number of shareholder votes necessary to pass an action The Sarbanes-Oxley Act prohibits publicly traded companies from making personal loans to whom? Its legal counsel Its certified public accountants Its executive officers or directors Its majority shareholders According to the provisions set forth by the Sarbanes-Oxley Act, which federal government agency may issue an order prohibiting any person who has committed securities fraud from acting as an officer or a director of a public company? Securities and Exchange Commission Federal Communications Commission United States International Trade Commission Federal Reserve System Under what system of corporate voting by shareholders can a minority shareholder achieve success in electing someone to the board of directors?... View Full Document

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