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ACCA Applied Skills · Corporate and Business Law (Global) · Company directors

Nadia is a minor aged 16 and the sole shareholder of Fernhill Ltd. She asks whether she can be appointed a director. In many jurisdictions following the standard model, which statement is most accurate?

Eligibility depends on the minimum age set by local company law, commonly 16 or 18 for a natural-person director. Age is regulated, so any age is not allowed, and there is no general professional qualification or age-40 requirement for directors.

  1. AA natural person must usually be at least a minimum age, commonly 16 or 18 depending on the jurisdiction, so her eligibility depends on the local minimum ageCorrect
  2. BAnyone of any age may be appointed because directors are not regulated by age
  3. COnly a person over 40 with professional qualifications may be appointed

Explanation

Company laws normally set a minimum age for natural-person directors, which varies by jurisdiction. There is no rule that any age is permitted, and no general requirement of age 40 or professional qualifications.

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