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Below are items tht should b present for us to say its sound:
1) correct balance of executive & NEDs in e board ie equal number. May vary with regulatory environment of e dfrent institutions eg Banks & thoz listed
2) Presence of an audit committe wch meets regularly to review internal controls of e organisation
3) Separation of roles of CEO/MD and Board chairman. Ensures a proper reporting structure rather than giving one person too much power
4) Transparent selection and Induction of new Board members.- Topics: 0
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e Short for “the”
o short for “of”
sorry about that
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