Anne, Bill, Chris and Diane are the only directors of ABCD Ltd. Bill is the Chairman of the board and has a casting vote. A board meeting was called to consider a proposal to enter into a contract with EFG Ltd.
Which of the following is INCORRECT?
A . The board has validly resolved to contract with EFG Ltd if any three of the directors vote in favor
B . As Bill is the Chairman, the board cannot validly resolve to contract with EFG Ltd without Bill’s consent
C . The proposal is lost if only two of Anne, Chris and Diane vote in favor
D . If Bill and one other director votes in favor, Bill can use his casting vote to carry the proposal
Answer: B