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An Authority resolution was passed by the Chairman alone.

An Authority resolution was passed by the Chairman alone. Why was this possible?

A.

It was impossible to hold a meeting with all Board members present

B.

The Chairman holds a casting vote which can be used whenever considered appropriate

C.

It was an exceptional case where a quick decision needed to be taken, and it was impossible to hold a meeting of the Board

D.

Board members abstained due to a conflict of interest

CISI UAE-Financial-Rules-and-Regulations Summary

  • Vendor: CISI
  • Product: UAE-Financial-Rules-and-Regulations
  • Update on: Sep 30, 2026
  • Questions: 186
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