30. Which of the following is not one of the International code of Corporate Governance? a. The role of Chairman and chief executive officer should be separated b. On retiring, a Chief Executive should become a chairman. c. At least half the board, excluding the chairman, should comprise non-executive directors d. Levels of remuneration should be sufficient to attract and retain directors
30. Which of the following is not one of the International code of Corporate Governance? a. The role of Chairman and chief executive officer should be separated b. On retiring, a Chief Executive should become a chairman. c. At least half the board, excluding the chairman, should comprise non-executive directors d. Levels of remuneration should be sufficient to attract and retain directors
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In June 2001, in Oman, the Capital Market Authority issued the Corporate Governance Code, applicable to companies whose securities are listed on the Muscat Securities Market.
The Code, drawn from codes of best practices from around the world but adapted to the local market, seeks to promote a "culture of compliance, transparency and accountability without limiting business initiative.
Answer the following three questions .
30. Which of the following is not one of the International code of Corporate Governance?
a. The role of Chairman and chief executive officer should be separated
b. On retiring, a Chief Executive should become a chairman.
c. At least half the board, excluding the chairman, should comprise non-executive directors
d. Levels of remuneration should be sufficient to attract and retain directors
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