ExpertEasy1 markMultiple Choice
ACCA · Question 39 · Management, administration and the regulation of companies
Section A
What is the statutory minimum number of directors required for a public limited company (plc)?
Section A
What is the statutory minimum number of directors required for a public limited company (plc)?
Answer options:
A.
One
B.
Two
C.
Three
D.
Five
How to approach this question
Recall the minimum director requirements for different types of companies.
Full Answer
B.Two✓ Correct
Under s.154 of the Companies Act 2006, a private company must have at least one director, and a public company must have at least two directors.
Common mistakes
Assuming a plc only needs one director like a private company.
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