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Alibaba SAOG a listed company based in Muscat, is currently reviewing its corporate governance practices to ensure they are compliant with regulations. The following is
Alibaba SAOG a listed company based in Muscat, is currently reviewing its corporate governance practices to ensure they are compliant with regulations. The following is a description of the corporate governance policies they have in place: 1) A remuneration committee comprising 3 non-executive directors. ii) An audit committee comprising the finance director, the chief executive and 2 non- executive directors. iii) Separate people taking on the roles of chairman and chief executive officer. Which of the following is the main purpose of the remuneration committee? O a. To ensure executives' pay is not performance related to reduce the risk of manipulation O b. To ensure that the costs of the company are kept under control O c To ensure no director is involved in setting his own pay and the pay that is set is at an appropriate level O d. To ensure decision making power for the company is not concentrated in the hands of one individual
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