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Can a CEO become a member of Audit Committee of Public Listed Company?

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تم إضافة السؤال من قبل Tariq Raza , MANAGER FINANCIAL PLANNING AND ANALYSIS , MBE ACCOUNTING CANADA
تاريخ النشر: 2013/12/31
mukkur srinivasan varadhan
من قبل mukkur srinivasan varadhan , Chartered Accountant , Chartered Accountant in practice

Audit committee is a sub committe of the Board of Directors.Board consist of Independent Directors and non independent Directors(full time directors involved in the operations of the company).Independent Directors form normally one third of the Board. Normally,Audit Committe consist of independent directors.So CEO and CFO cannot be members of the Audit Committee.

Tariq Raza
من قبل Tariq Raza , MANAGER FINANCIAL PLANNING AND ANALYSIS , MBE ACCOUNTING CANADA

If CEO or CFO become member of Audit Committee its a Sox violation means according to Sarbean's Oxley Act2002 Chief Operating Officer , Chief Financial Officer or any Executive Director envolved in Operation cannot be a member of Audit Committee

مستخدم محذوف‎
من قبل مستخدم محذوف‎

NO

MEMBER SHOULD NOT BE HOLDING OPERATION OR MANAGEMENT POSITIONS IN ORGANIZATOIN

المزيد من الأسئلة المماثلة

هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟