ASX Ltd needs to appoint a new director from 1 January next year. Which of the following persons would meet the requirements for an independent director in accordance with the ASX principles?

Question

Quizplus · Accepted Answer

According to the ASX principles, an independent director should not have any financial or other interests in the company, including any significant past or current relationships with the company. Option A is not suitable because John holds substantial shares in the company. Option B is also not suitable as Jill is a major supplier of office supplies to the company. Option C is also not suitable as Jordan was an employee of the company up until 31 December two years ago. Option D is suitable as Bill is a retired business consultant who previously was the auditor for the company for five years until some three years ago, and does not have any current or significant past relationship with the company.

ASX Ltd Needs to Appoint a New Director from 1