The linked article concerns Bellamy's Australia Limited - media interest has focussed recently on the company's difficulties in expanding its infant formula (baby food) business into China. It was reported today (13/4/2017) that the company appointed a new director. The questions below allow you to reinforce material covered in the first lecture on directors.

http://www.afr.com/business/retail/fmcg/bellamys-australia-appoints-john-ho-to-boardconfirms-andrew-cohen-as-ceo-20170413-gvk5x4

Questions

1. Mr Ho is joining the board as a non-executive director - what is a non-executive director? Looking at the article what benefits will Mr Ho bring to the company? Generally, what are the justifications for the appointment of non-executive directors?

2. Bellamys is a public listed company - what does this mean? What are some general characteristics of public listed companies?

3. The article suggests that the current chairman may be replaced - what role does the chairman play?