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Which board of directors committee is responsible for the guidelines on how the board?
Q. | Which board of directors committee is responsible for the guidelines on how the board ofdirectors should operate. |
B. | Corporate governance |
C. | Corporate compliance |
D. | Guiding |
Answer» b. Corporate governance |
Who is responsible for the board of directors?
Essentially, it is the role of the board of directors to hire the CEO or general manager of the business and assess the overall direction and strategy of the business. The CEO or general manager is responsible for hiring all of the other employees and overseeing the day-to-day operation of the business.
Which committee is responsible for selecting a criteria to appoint board of directors?
The Nomination and Remuneration Committee shall: 1. identify persons who are qualified to become directors and who may be appointed in senior management in accordance with the criteria laid down, recommend to the Board their appointment and removal.
What is the role of functional committees of the main board of directors?
Develops initiatives and advises the board on its internal operations and management issue. And oversees implementation of CSR, sustainable operations initiatives and evaluates their effectiveness. The Corporate Governance and Sustainability Committee holds meetings at least twice a year.