Question
HHG Medical Supplies Limited is in the process of appointing members to fill the two vacancies on their audit committee. The following candidates are proposed:
HHG Medical Supplies Limited is in the process of appointing members to fill the two vacancies on their audit committee. The following candidates are proposed:
Mr Mask Chief Executive Officer (CEO) of HHG Medical Supplies Limited. He is 55 years old and has a passion for the medical industry.
Mr Laser The independent non-executive chairperson of the board of HHG Medical Supplies Limited. He is 60 years old and also serves as a non-executive director on the boards of directors of other medical companies in South Africa. None of these companies have any dealings or relationships with HHG Medical Supplies Limited.
Mrs Vitamin A non-executive director of HHG Medical Supplies Limited. She is 59 years old and currently has no financial interest in or business relationship with HHG Medical Supplies Limited.
Choose the most appropriate option in view of the eligibility of the proposed individuals to be appointed to the audit committee of HHG Medical Supplies Limited.
- A.
Mr Laser and Mrs Vitamin are eligible be appointed to the audit committee of HHG Medical Supplies Limited.
- B.
Only Mrs Vitamin is eligible to be appointed to the audit committee of HHG Medical Supplies Limited.
- C.
Mr Mask, Mr Laser and Mrs Vitamin are eligible to be appointed to the audit committee of HHG Medical Supplies Limited.
- D.
Mr Mask and Mr Laser are eligible to be appointed to the audit committee of HHG Medical Supplies Limited.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started