General Studies · Corporate Governance
Considering StellarTech's board structure and commitment to strong corporate governance, which of the following statements correctly identifies a key area where its current structure deviates from best practice recommendations, and a primary purpose of the committee best positioned to oversee the 'Horizon' product launch decision, ensuring ethical considerations are paramount?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Deviation from Best Practice: Presence of non-executive directors; Committee Purpose: To oversee the strategic direction of the company.
- 2Deviation from Best Practice: CEO also chairs the board; Committee Purpose: To review systems of internal controls and risk management.✓
- 3Deviation from Best Practice: Presence of executive directors; Committee Purpose: To decide on remuneration levels for executives.
- 4Deviation from Best Practice: CEO also chairs the board; Committee Purpose: To review accounting policies and ensure they are appropriate.
Correct answer
Deviation from Best Practice: CEO also chairs the board; Committee Purpose: To review systems of internal controls and risk management.
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