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ACCA P1 lectures P1 notes
October 11, 2015 at 10:32 pm
If there are 14 members on a board, 7 EDs and 7 NEDs. To create the sub-committees, such as the Audit, Nominations, Remuneration, Ethics, Risks and CSR Committees. Will the members consists of the 7 NEDs? Or will more NEDs have to be recruited to make up a panel on these committees?
October 17, 2015 at 1:05 pm
Out of the existing 7 neds
September 14, 2015 at 10:58 am
Luke, you’re correct! However, in the best interests of transparency both separate remuneration committees will (probably) take advice / guidance from a reputable recruitment agency
February 10, 2015 at 6:01 am
Sir, who appoints the directors of a company? is it the shareholders? But in reality it is the Board of Directors and they only seek the approval of the shareholder?
Am I right as per the video lecture?
March 17, 2014 at 3:37 pm
The lecturer said the remuneration committee (in which mostly are NEDs) decide the executives’ remuneration, however what confuses me is that, as mentioned in the video, the NEDs’ remuneration is in turn decided by the executives. It seems to me that it has the same drawbacks as ‘cross directorship’?evaluating each other’s performance? I hope i am making myself clear. 😛
September 14, 2015 at 9:35 am
The board and shareholders(both) should set the remuneration of the Non Executive Directors….. only basic salary no performance related element is included…..
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