In Australia,it is recommended that the board is made up of:
A)full time employees of the company
B)a mixture of executive and independent directors
C)CEO plus external directors who are not involved in the business
D)accountants,auditors and executive director

Question

Quizplus · Accepted Answer

It is recommended that the board of directors in Australia should consist of a mixture of executive and independent directors. This ensures that the board has both inside knowledge of the company and perspectives from outside the company, promoting good governance and decision making. Full-time employees may not possess the necessary independence to make objective decisions, while external directors who are not involved in the business may not have enough insight on company operations. Accountants, auditors, and executive directors may have conflicts of interest that may affect their objectivity.

In Australia,it Is Recommended That the Board Is Made Up