6. What is the purpose of a nomination committee of the board of directors? A. To nominate the directors who should stand for re-election at each annual general meeting of the company. B. To put forward nominations for new appointments to the board. C. To decide whether to accept nominations for new appointments to the board, put forward by the chairman or the chief executive officer. D. To review nominations for appointments to senior executive posts and the position of company secretary. 7. Which one of the following structures for the composition of an audit committee for a listed company is LEAST likely to meet requirements for good practice in corporate governance? A. Audit committee consisting entirely of non-executive directors. B. Audit committee consisting entirely of independent directors. C. Audit committee with a non-executive chairman, one representative of management and other members who are non-executive directors. D. Audit committee with an executive director chairman and all other members who are non-executive directors.
6. What is the purpose of a nomination committee of the board of directors?
A. To nominate the directors who should stand for re-election at each annual general meeting of the company.
B. To put forward nominations for new appointments to the board.
C. To decide whether to accept nominations for new appointments to the board, put forward by the chairman or the chief executive officer.
D. To review nominations for appointments to senior executive posts and the position of
company secretary.
7. Which one of the following structures for the composition of an audit committee for a listed company is LEAST likely to meet requirements for good practice in corporate governance?
A. Audit committee consisting entirely of non-executive directors.
B. Audit committee consisting entirely of independent directors.
C. Audit committee with a non-executive chairman, one representative of management
and other members who are non-executive directors.
D. Audit committee with an executive director chairman and all other members who are
non-executive directors.
- Option (B) is correct.
- Option (B) is correct.
6. The nominating committee of the board of directors of the company is responsible for the hiring of qualified and talented people for the board. The new nomination of the qualified people is the basic purpose of the nominating committee.
Step by step
Solved in 3 steps
