Under Securities and Exchange Commission regulations, who may be a member of an audit committee for a listed company?

Question

Quizplus · Accepted Answer

According to SEC regulations, members of the audit committee for a listed company must be members of the board of directors who do not have a material interest in the company. This means that they cannot be employees or substantial shareholders of the company, or have a relationship that could interfere with their ability to exercise independent judgment. Additionally, the SEC recommends that at least one member of the committee should have financial expertise and that all members should be financially literate.

Under Securities and Exchange Commission Regulations, Who May Be a Member