The correct answer is: D. Private company
Directors of a private company need not retire at a certain age. This is because private companies are not subject to the same regulations as public companies. Public companies are required to have a majority of independent directors, who must retire at the age of 70. Private companies, on the other hand, are not required to have any independent directors, and the age at which directors retire is up to the company’s shareholders.
A public enterprise is
an enterprise that is owned by the government. Cooperative enterprises are enterprises that are owned and operated by their members. Public companies are companies that are listed on a stock exchange and are therefore subject to public scrutiny. Private companies are companies that are not listed on a stock exchange and are therefore not subject to public scrutiny.Here are some additional details about each option:
- A. Public enterprise
Public enterprises are owned by the government and are therefore subject to government regulations. These regulations may include requirements for directors to retire at a certain age.
- B. Cooperative enterprise
Cooperative enterprises are owned and operated by their members. The members of a cooperative enterprise elect the directors of the enterprise, and the directors are therefore accountable to the members. The members of a cooperative enterprise may decide to require directors to retire at a certain age.
- C. Public company
Public companies are listed on a stock exchange and are therefore subject to public scrutiny. Public companies are required to have a majority of independent directors, who must retire at the age of 70.
- D. Private company
Private companies are not listed on a stock exchange and are therefore not subject to public scrutiny. Private companies are not required to have any independent directors, and the age at which directors retire is up to the company’s shareholders.