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Corporate Governance.

This topic has 1 reply, 2 voices, and was last updated 8 years ago by Ken Garrett.

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May 21, 2016 at 11:02 am #316176
rcc002
Member
- Topics: 11
- Replies: 30
Dear sir.Please clarify it.Does after setting of audit committee,the NEDs that already worked as a part of whole board ,become part of AC and leave from board Or entity need to recruit additional Neds other than those sat in board for AC.
Thanks
May 22, 2016 at 6:49 pm #316453
Ken Garrett
Keymaster
- Topics: 10
- Replies: 10527
NEDs are part of the full board and some of them make up the audit committee.
They do no have to resign form the board (then they would not be directors) to sit on the AC.
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