- 1 Marks
Question
How many members of the audit committee of a company must be non-executive directors?
A. 6
B. 5
C. 4
D. 3
E. 2
Answer
E. 2
Explanation:
Corporate governance standards require that a certain number of audit committee members be non-executive directors to ensure oversight and independence in the company’s financial practices.
- Tags: Corporate Governance, Non-Executive Directors
- Level: Level 1
- Topic: Corporate governance framework
- Series: NOV 2022
- Uploader: Theophilus