QUESTION 3 The finance director has two potential non-executive directors he is considering to join the board of Natco, a company in the banking sector. Les Thomas is currently an executive sales director of a listed multi-national banking company; he sits on another company's audit committee as a non-executive director, and he is agreeable to being paid a fixed fee, which is not related to profits. Martin Ballard is currently a finance director of a small van rental company, which does not compete with Natco; he has expressed an interest in a fixed seven-year contract and he is the brother of Natco's chief executive. Required: (a) Name and describe the remit of the main committees recommended by the UK corporate governance code. (10 marks) (b) Identify and evaluate THREE advantages and THREE disadvantages of appointing: i. Les Thomas ii. Martin Ballard (10 marks) TOTAL 20 MARKS