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AA Chapter 2 Questions

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  2. Hi Sir, thanks for the material!

    May i please ask why question 6, why annual evaluation of the board should consider its composition and diversity is right, but ensure the equitable treatment of all shareholders, including minority is not correct, is it because of the wording “ensure” ?

    Thanks!

    • Ensuring the equitable treatment of all shareholder is a Principle of Corporate Governance promoted by the OECD whereas the annual evaluation of the board should consider its composition and diversity is more of a Principle of the UK Corporate Governance Code. Hope this helps 馃檪

  3. The notes are very useful and brief. As these have been shortened, I was wondering that if I learn these notes completely then what would be the chances of passing the exam?
    Are these notes and video lectures sufficient alone or do I need to study the complete study text as well?
    Thanks.

  6. Is there an exception to the rule that a chairperson can be on board for more than 9 years considering that he has been objective on decision making throughout all the years of service and that he is believed to still continue being objective, as such can remain on the board for more than 9 years?

    • PLEASE ask technical questions on the forum (where I won’t overlook them) rather than here – which is for comment.

      According to the Code, to have “served on the board for more than nine years from the date of their first appointment” is a circumstance that is likely to impair/appear to impair a NEDs independence. More than 9 years is not prohibited but it would be necessary to explain how the NEDs independence is maintained – “comply or explain” principle.

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