Question

What are qualification shares? Explain.
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Answer 1

Answer:

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A share of common stock that a candidate for a company's Board of Directions (BOD) is required to own is known as qualification shares. ... Instead, it refers to the requirement that a member of the board must hold a vested interest in the operation of the enterprise in the form of company stock.

Answer 2

Answer: A share of common stock that a candidate for a company's Board of Directions (BOD) is required to own is known as qualification shares. ... Instead, it refers to the requirement that a member of the board must hold a vested interest in the operation of the enterprise in the form of company stock...