IAI Actuarial Core Principles · Business Finance · Corporate governance and the regulation of companies
Which committee of the board is usually responsible for reviewing the board's structure and composition and recommending new director appointments?
The nomination committee reviews the board's structure, size and balance of skills and independence, plans succession, and recommends new director appointments. The audit, risk and remuneration committees cover reporting and controls, risk oversight and executive pay respectively.
- AAudit committee
- BRisk committee
- CRemuneration committee
- DInvestment committee
- Nomination committeeCorrect
Explanation
The nomination committee reviews the balance of skills, experience and independence on the board, plans succession and recommends appointments. The audit committee deals with reporting and controls, the risk committee with risk, and the remuneration committee with pay.
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