LONG ESSAY-BASED SUBJECTIVE QUESTION

Question carries 20 marks.

Number of Questions in this part: 1 question

QUESTION 5-20 MARKS (Each part carries 10 marks)

'Independent Directors' play a significant and key role in monitoring the performance of the executive management in companies.'

In the context of the above statement,

1. Explain the role of independent directors in in board composition for better corporate governance in companies with the help of relevant sections, case law and examples from the Corporations Act, 2001.(10 marks)
2. Also compare Australian law with corporate governance rules and regulations from USA and UK. (10 marks)