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.ABC Ltd is a mining company listed on the Namibian stock exchange (NSX). It has an audit committee comprising four members. Two members are independent non-executive directors with engineering and mining qualifications. The nomination committee is currently looking to appoint an additional member to the audit committee. In terms of the NSX principles, which of the following would most likely be the best candidate for appointment?
a.
An independent non-executive director with a qualification in finance.
b.
A non-executive director who was previously the CFO of ABC Ltd a year ago.
c.
An executive director with a qualification in accounting.
d.
A non-independent non-executive director with qualifications in accounting and auditing.
1 Answer