ABC company limited is a public company and the CEO has presented three of his personal friend and a son of his to the board of the company to be considered for executive positions in the company. He has also recommended Dr. Prince Owusu a very experienced and accredited auditor for many years who is also his brother-in-law as the internal auditor for the company. At the upcoming end-of-year general meeting, members are expected to elect new board members.

Required

a) As a corporate governance expert, shareholder needs your advice on these appointments.

b) Explain the issues that should be considered when assessing the optimum size for a board of directors.

c) Distinguish between the types of directors they will be electing.

d) Describe the relationship expected to exist between the board chairman, directors, and the CEO.