Imagine you are an audit manager for KPAG and partners – an audit firm based in Muscat. You have just been asked by one of your existing clients, SOHAR corporation, for help in compliance with corporate governance guidelines because they are about to obtain a stock exchange listing. They have sent you the following information. At present Mr. Omar al Balushi is both Chairman and CEO (Chief Executive Officer) of SOHAR corporation. You are required to identify from the following, whether it is a corporate governance weakness or strength and choose the correct recommendations. a. Yes, it is a weakness and chairman and CEO should not be Mr. Omar al Balushi b. Yes, it is a weakness, however if external auditors agree Mr. Omar al Balushi can continue c. None of the options d. No, it is not a weakness so no recommendation required

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