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CRCM Exam - Question 57


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

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Correct Answer: D

A brokerage house's vice president is not automatically considered an executive officer unless specifically designated as such by the board resolution or bylaws. On the other hand, positions like Chairman of the board, President, and each vice-president and above are typically recognized as executive officers in most organizations.

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Cam22Option: D
Mar 15, 2024

In typical banking contexts, a brokerage house's vice president wouldn't automatically be considered an executive officer unless specifically designated as such by a board resolution or bylaws. However, officers such as the Chairman of the board, President, and each vice-president and above are typically considered executive officers unless explicitly excluded.