In order for a non – executive director to be classified as independent he/she must satisfy a number of requirements.

Which ONE of the following is an applicable requirement?

Question

In order for a non – executive director to be classified as  independent  he/she must satisfy a number of requirements.    Which ONE of the following is an applicable requirement?

Answer

He /She is a significant professional advisor to the company.

Answer

He /She must not receive remuneration that is based on the company’s profits for the financial year.

Answer

He /She was the senior external audit manager during the audit performed for the last financial year.

Answer

At no stage should he/she have been the chief executive officer of the company.

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In order for a non – executive director to be classified as independent he/she...

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