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4) A new Non-Executive Director joins the Board and wants to understand how their remuneration is calculated. The Chairman explains Board Members remuneration can be
4) A new Non-Executive Director joins the Board and wants to understand how their remuneration is calculated. The Chairman explains Board Members remuneration can be a fixed amount fees based on meeting attendance, in kind benefits, a percentage of the company's profits, or a combination of any of those. What is the annual cap on the total amount of remuneration from any or a combination of these sources? SAR 200,000 There is no cap SAR 1,000,000 SAR 500,000 Single choice 5) Which of the following is an example of a financial warning sign? Changes in technology or consumer behavior Speculative inventory purchases Frequent changes to strategy or business plans Frequent reclassifications of assets and liabilities Single choice 6) Which of the following is not a characteristic of financial leases? Lease tenor is shorter than the useful life of the asset Lease tenor matches the useful life of the asset Lessee is responsible for insurance maintenance costs O Lessee usually does not have cancellation rights
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