The board should not consider limiting the number of years an individual can serve on the audit committee since the more an audit committee member understands the company the more effective that member will be able to perform the required duties.

Question

Quizplus · Accepted Answer

Limiting the number of years an individual can serve on the audit committee can help ensure independence, prevent complacency, and bring fresh perspectives, which are crucial for effective oversight.

The Board Should Not Consider Limiting the Number of Years