Saneguard is a large bottling company. Saneguard’s Board of Directors has seven members. Each director is elected based on aptitude, knowledge, experience and leadership criteria. All Board members and their representatives attend meetings. Four of these members and their corresponding alternates are independent. The Chairman of the Board, also independent, represents the minority shareholders. At Saneguard, the positions of CEO and Chairman of the Board are filled by different individuals. Saneguard's external auditors reports to the Board of Directors and the Audit Committee, while the chief of internal audit reports to the CEO and Audit Committee. Which of the following is not true according to the international code of corporate governance? The role of chairman and chief executive officer should not be separated. The positions of CEO and Chairman of the Board in Saneguard are filled by different individuals. The Audit committee should review and monitor external auditor's independence and objectivity and the effectiveness of the audit process. Saneguard external auditors reports to the Board of Directors and the Audit Committee. At least half the board, excluding the chairman, should comprise non-executive directors Saneguard’s Board of Directors has seven members. Four of these members and their corresponding alternates are independent. The Chairman of the Board is also independent. The AGM should be used to communicate with investors and encourage their participation. All Board members (directors) in Sanegauard and their representatives attend meetings.
Saneguard is a large bottling company. Saneguard’s Board of Directors has seven members. Each director is elected based on aptitude, knowledge, experience and leadership criteria. All Board members and their representatives attend meetings. Four of these members and their corresponding alternates are independent. The Chairman of the Board, also independent, represents the minority shareholders.
At Saneguard, the positions of CEO and Chairman of the Board are filled by different individuals. Saneguard's external auditors reports to the Board of Directors and the Audit Committee, while the chief of internal audit reports to the CEO and Audit Committee.
Which of the following is not true according to the international code of corporate governance?
The role of chairman and chief executive officer should not be separated. The positions of CEO and Chairman of the Board in Saneguard are filled by different individuals.
At least half the board, excluding the chairman, should comprise non-executive directors Saneguard’s Board of Directors has seven members. Four of these members and their corresponding alternates are independent. The Chairman of the Board is also independent.
The AGM should be used to communicate with investors and encourage their participation. All Board members (directors) in Sanegauard and their representatives attend meetings.
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