Consider the following statements regarding the appointment of a non-executive director (NED): 1. The candidate has close personal links to the company's chief executive. 2. The candidate's industry-specific experience will facilitate understanding of the business issues. 3. The candidate's financial experience will be useful if they are appointed to the audit committee. 4. The candidate wishes to commit to a long-term contract. Which of these represent actual advantages that support corporate governance best practices?

Which of the following group represents examples of internal stakeholders in a firm?

According to corporate governance guidelines, which of the following statements correctly explain requirements for succession and evaluation of directors? 1. A formal succession plan should be maintained for both the board chair and the chief executive. 2. The annual report should explain the work of the nomination committee, including the process for board appointments. 3. Performance evaluation of the board, its committees, the chair, and individual directors should be conducted regularly. 4. All members of the nomination committee must be independent non-executive directors. Select the correct option: