In relation to assessing the independence of non-executive directors,which of the following is not a requirement in the ASX Corporate Governance Council's independence test?
I is not a substantial shareholder;
II is not a material supplier or customer of the company;
III is free from any interest in any business that could be perceived to materially interfere with the director's ability to act in the best interests of the company;
IV has not previously been employed in an executive capacity by the company.
A) I and IV;
B) I,II and III;
C) II,III and IV;
D) I,II,III and IV.
Correct Answer:
Verified
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