41. The remuneration of nonexecutive directors should be determined by the chair of the board and executive directors

marks:1

TRUE

FALSE

42. The governance committee is usually responsible for identifying, evaluating, and nominating a new director to the board.

marks:1

TRUE

FALSE

43. The advisory board of an NPO typically provides advice, gives counsel, and engages in governing the organization

marks:1

TRUE

FALSE

44. The oversight function is granted to the board of directors with the fiduciary duty of overseeing management in the best interests of the company and its shareholders

marks:1

TRUE

FALSE

45. Transparency means that the company is not hiding relevant information, and disclosures are fair, accurate, reliable, and understandable by average stakeholders

marks:1

TRUE

FALSE

Answer rating: 100% (QA)

Answer 1 True There need not be any limit prescribed to sitting fees payable to nonexecutive directo... View the full answer