Some members on the Audit Committee of Willow Ltd’s term will be ending in the current financial period and the board received the following nominations to replace them: 1 Ms Kain, a non-executive director, who is also a material customer of Willow Ltd. 2 Mrs Naidoo, who was a finance intern two (2) years ago before she left to complete her traineeship; she is now a qualified Chartered Accountant (SA). 3 Mr Botha, the current finance director. 4 Mrs Lang, a non-executive director on the board and a Chartered Accountant (SA) by profession. You are asked to evaluate the nominations and indicate whether the nominated individuals may be appointed to Willow Ltd’s audit committee in terms of the Companies Act. Choose the correct option
Some members on the Audit Committee of Willow Ltd’s term will be ending in the current financial period and the board received the following nominations to replace them:
1 Ms Kain, a non-executive director, who is also a material customer of Willow Ltd.
2 Mrs Naidoo, who was a finance intern two (2) years ago before she left to complete her traineeship; she is now a qualified Chartered Accountant (SA).
3 Mr Botha, the current finance director.
4 Mrs Lang, a non-executive director on the board and a Chartered Accountant (SA) by profession.
You are asked to evaluate the nominations and indicate whether the nominated individuals may be appointed to Willow Ltd’s audit committee in terms of the Companies Act.
Choose the correct option
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