Question: Scenario 2 Apex plc is in the process of downsizing the company by laying off some of its staff and selling off a part of

Scenario 2 Apex plc is in the process of downsizing the company by laying off some of its staff and selling off a part of its company. Due to this change, the company plans to reshuffle its board of directors. The company feels that it could practice better governance if the number of external members increase to seven in the board. Currently there are 5 external members as directors. Requirement From the point of Apex plc, how would it form the new board and what would be its role and responsibility to Apex plc. (15 marks- maximum 400 to 450 words) Page 3 of 4

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