In Relation to Assessing the Independence of Non-Executive Directors,which of the Following

question 23

Multiple Choice

In relation to assessing the independence of non-executive directors,which of the following is not a requirement in the ASX Corporate Governance Council's independence test?
I is not a substantial shareholder;
II is not a material supplier or customer of the company;
III is free from any interest in any business that could be perceived to materially interfere with the director's ability to act in the best interests of the company;
IV has not previously been employed in an executive capacity by the company.

• A)I and IV;
• B)I,II and III;
• C)II,III and IV;
• D)I,II,III and IV.

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Definitions:

Depositional

Relating to the process in which material is laid down or deposited by various means, including water, wind, or ice.

Cenozoic Basalts

Volcanic rocks that were formed during the Cenozoic era, known for their dark color and high iron and magnesium content.

Mesozoic Sedimentary Rocks

Sedimentary rocks formed during the Mesozoic Era, approximately 252 to 66 million years ago, which includes the Triassic, Jurassic, and Cretaceous periods.

Fault Scarps

Steep slopes or cliffs formed by the displacement of the Earth’s surface along a fault, often visible after earthquakes.