(41) The board of directors, and its audit committee, can be an effective corporate governance mechanism. (a) Discuss the pros and cons of allowing inside directors to serve on the board. Describe typical responsibilities of audit committees. (bj What strengths or weaknesses were present related to Comptronix's board of directors and audit committee? (41) The board of directors, and its audit committee, can be an effective corporate governance mechanism. (a) Discuss the pros and cons of allowing inside directors to serve on the board. Describe typical responsibilities of audit committees. (bj What strengths or weaknesses were present related to Comptronix's board of directors and audit committee