The following information concerns individuals on Protea Limited’s (Protea) Board of Directors, as at 29 February 2020: Should Mr Kolisi be a member of the Audit Committee in terms of the King IV Report? Choose the alternative that best answers the question:

Question

The following information concerns individuals on Protea Limited’s (Protea) Board of Directors, as at 29 February 2020:                  Should Mr Kolisi be a member of the Audit Committee in terms of the King IV Report? Choose the alternative that best answers the question:

Answer

No, as he is a member of the Board, he can’t be a member of the Audit Committee

Answer

No, Mr Kolisi is the CEO of Protea and, therefore, should not be a member of the Audit Committee

Answer

Yes, Mr Kolisi is the CEO of Protea and, therefore, should be a member of the Audit Committee

Answer

Yes, he is a non-executive member of the Board and, therefore, should be a member of the Audit Committee

Director	Notes	Position
Mr S Kolisi	Mr Kolisi had been appointed to the position of CEO of Protea, on 1 July 2007, and he also served as a member of the Audit Committee of Protea for a number of years. Mr Kolisi and Mr Bokkie are the two members serving on the Audit Committee.	Chief Executive Officer (CEO)

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The following information concerns individuals on Protea Limited’s (Protea) Boar...

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