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QUESTION 30 The board of Nelson Company is deciding on the composition of its compensation committee. Which of the following characteristics would least likely be

QUESTION 30

  1. The board of Nelson Company is deciding on the composition of its compensation committee. Which of the following characteristics would least likely be an indication of high-quality corporate governance with regard to remuneration/compensation committee?

a.

Any obligations regarding share-based compensation are met through issuance of new shares.

b.

The firm has provided details to shareholders regarding compensation in public documents.

c.

The firm and the board are not required to receive shareholder approval for any share-based remuneration plans.

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