11)Founded in 1967, Grupo ISA is Colombias largest energy transport company. ISA attaches great importance...
70.2K
Verified Solution
Link Copied!
Question
Accounting
11)Founded in 1967, Grupo ISA is Colombias largest energy transport company. ISA attaches great importance to its shareholders. On 15 November 2001, it adopted Corporate Governance Code based on international standards and aimed at ensuring the ethical integrity of the company and proper management of the companys affairs. SAs Board of Directors has seven members. Each director is elected based on aptitude, knowledge, experience and leadership criteria. . All Board members and their representatives attend meetings. Which ONE of the following statement is untrue regarding international code of corporate governance?
Remuneration committee should not include nonexecutive directors
At least half of the board should comprise non-executive directors
The role of chairman and chief executive officer should be separated
The nomination committee should appoint directors every three years
12)
Who takes the responsibility to review the companys internal control and risk management system?
Shareholders
Audit Committee
Board of Directors
None of the options
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
