Which of the Following Statements Is Correct About Non-Executive Directors

question 15

Multiple Choice

Which of the following statements is correct about non-executive directors?

• A)A grey director is a non-executive director who may,at times,experience a conflict of interest because of their positions with other organisations;
• B)Non-executive directors must be independent;
• C)Listed companies must have at least one non-executive director on their board;
• D)Non-executive directors do not have the same powers as executive directors.

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Definitions:

Well-being

The state of being comfortable, healthy, or happy, encompassing physical, mental, and emotional health.

Society

A group of individuals involved in persistent social interaction, or a large social grouping sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations.

Globalization

The method through which companies or various entities gain global influence or begin to function at an international level, resulting in heightened interconnectivity.

Cultural Practices

Refers to the habits, rituals, and traditions specific to a community or society that reflect their values, beliefs, and way of life.