Doctor Accounting : Chapter 26 in Collaboration with SAA Global Education
Coming back to the Code of Corporate Governance.
Today we are going to share on the different committees and how the company Board reports to the chairman.
Watch Dr Accounting chapter 26 to learn more about the world of Accounting with us!
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Okay, in my this series, I’m going to continue to where I have left.
So in this series, I’m going to talk about the different committees and how the board actually reports to the chairman.
So, from this diagram, you can see that the board of directors of the listed company, they will report to the chairman. The chairman are mainly independent and they are non-executive director. So the board of directors comprises of executives and non executives. So just give you illustration. Executives comprises of the CEO, CFO and COO. The non executives directors, they are not the employee of the company. They are there to provide constructive feedback and advise to the board. So below the board, there are different committees as according to the code of corporate governance.
So this committees, comprises of the nominating committee, the remuneration committee and the audit committee. Each of this committee perform a function under the terms of reference. I will share with you more in my next series, so stay tuned!