Which of the following is true of Walter Salmon's checklist to assess the quality of the board?

Question

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Walter Salmon's checklist recommends that there be three or more outside directors for every insider. This is important as it ensures that the board has diverse perspectives, avoids conflicts of interest, and is more likely to make objective decisions. Option A is incorrect as Salmon's checklist recommends an inclusive approach to board composition, i.e., including members with diverse backgrounds and expertise. Option B is also incorrect as the checklist recognizes that the board's responsibilities extend beyond financial performance and takes into account social and environmental factors. Option C is not mentioned in Salmon's checklist, and there is a growing trend towards separating the role of CEO and chairperson for better corporate governance.

Which of the Following Is True of Walter Salmon's Checklist