Imagine you are an audit manager for Ali Timam and partners - an audit firm based...

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Imagine you are an audit manager for Ali Timam and partners - an audit firm based in Muscat. You have just been asked by one of your existing clients, Zubair corporation, for help in compliance with corporate governance guidelines because they are about to obtain a stock exchange listing. They have sent you the following information. All the board members' salaries are set by Mr. Nasser al baluchi the CEO of Zubair corporation and are based upon his own assessment of performance of the directors. You are required to identify from the following, whether it is a corporate governance weakness or strength and choose the correct recommendations. O a. Yes, it is a weakness, however if shareholders agree CEO can set the salary O b. No, it is not a weakness so no recommendation required O C. Yes, it is a weakness and there should be a remuneration committee to set up O d. Yes, it is a weakness and there should be a nomination committee to set up Imagine you are an audit manager for Ali Timam and partners - an audit firm based in Muscat. You have just been asked by one of your existing clients, Zubair corporation, for help in compliance with corporate governance guidelines because they are about to obtain a stock exchange listing. They have sent you the following information. All the board members' salaries are set by Mr. Nasser al baluchi the CEO of Zubair corporation and are based upon his own assessment of performance of the directors. You are required to identify from the following, whether it is a corporate governance weakness or strength and choose the correct recommendations. O a. Yes, it is a weakness, however if shareholders agree CEO can set the salary O b. No, it is not a weakness so no recommendation required O C. Yes, it is a weakness and there should be a remuneration committee to set up O d. Yes, it is a weakness and there should be a nomination committee to set up