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CSEET · Economic and Business Environment · Elements of Corporate Governance

Under the Board's report requirements of the Companies Act, 2013, which of the following must the Board's report include for a listed company?

The Board's report of a listed company must include a statement indicating the manner in which the formal annual evaluation of the performance of the Board, its Committees and individual directors has been made, as required by section 134(3)(p) of the Companies Act, 2013.

  1. AA statement on the manner in which formal annual evaluation of the performance of the Board, its Committees and individual directors has been madeCorrect
  2. BA statement fixing the market price of the company's shares for the next year
  3. CThe personal income tax returns of each director
  4. DA list of all customers who bought goods on credit during the year

Explanation

Section 134(3)(p) requires, for a listed company and certain other public companies, a statement on how the formal annual evaluation of the Board, its Committees and individual directors was made. The other options are not items required in the Board's report.

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