Questions

• What are two issues to the structure of the board that doesn't follow corporate governance guidelines? Explain the guidance and its significance
• What are the benefits of the "comply and explain" concept for companies in relation to this issue?

Relevant information:

Abco PLC a FTSE 100 firm, specialises in manufactures bicycles. Their board consists of the following board members:

Crossin B. - Chairman, Independent NED, Male

Dexter K. - CEO, Executive Director, Male

Dobman C. - CFO, Executive Director, Male

Whitmore W. - Independent NED, Male

Doster K. - Executive Director, Male

Bracken T. - Executive Director, Male

Note

I know that this example is an unbalanced structure, the board is subjective as there isn't an equal or more than half the board being independent NED.