Excepted Officers in CRCM Certification Exam - ABA

Excepted Officers in CRCM Certification Exam

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Question

Unless excluded by a board resolution or the bylaws, the following officers will be considered to be executive officers EXCEPT:

Answers

Explanations

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A. B. C. D.

D

The term "CRCM" refers to the Certified Regulatory Compliance Manager certification, which is a professional designation for individuals working in the field of regulatory compliance.

Regarding the question, the correct answer is D. The other options, A, B, and C, are all considered to be executive officers unless excluded by a board resolution or the bylaws.

An executive officer is a high-ranking member of a company or organization who is responsible for managing its day-to-day operations and making strategic decisions. In most cases, executive officers are appointed by the board of directors and are accountable to the board for the performance of the company.

The Chairman of the board, the President, and each vice-president and above (such as senior vice-president, executive vice-president, and so on) are generally considered to be executive officers. However, a board resolution or the bylaws may exclude any of these positions from the definition of executive officers.

Option D refers to a vice president at a brokerage house. Whether or not this position is considered an executive officer would depend on the specific company's bylaws or board resolution. As the question states that all options, unless excluded by a board resolution or the bylaws, are considered executive officers, option D is the exception and would not be considered an executive officer unless specifically designated as such by the bylaws or a board resolution.