Question: Question 3 [20] 3.1 Explain the difference between executive and non-executive directors. (4) 3.2 What is meant by the term independent non-executive director and describe

Question 3 [20] 3.1 Explain the difference between executive and non-executive directors. (4) 3.2 What is meant by the term independent non-executive director and describe the conditions under which a non-executive director will no longer be regarded as independent. (6) 3.3 Discuss the concept of fiduciary duties and specifically comment on the duty to act in good faith and for proper purpose as well as the duty to act in the best interest of the company. (10)

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