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maam is the audit committee and remuneration committee both entirely composed of independent NEDs? and if so then why, specifically what’s the problem with having non-independent NEDs? with respect to executive directors i understand the problem of self-review threat.
and secondly if chair can be a member of nomination committee (at all times except when the committee is discussing succession of Board) and remuneration committee , then why can’t the chair be a part of the audit committee also, after all he’s an independent NED? my text explicitly disallows chair from being on the Audit committee.
Yes the audit committee and remuneration committee should be composed of independent NEDs (i.e. all). I don’t understand what you are asking.
If you think of the audit committee as the “highest” level of oversight and the chair of the audit committee as having a casting vote, then that shouldn’t be the same person who leads the board.
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