2003 Quarter Four

the same person should not hold the roles of chairman and chief executive at the same time.

that at least 50% of members of the boards of smaller companies should be independent non-executive directors.

clarification of the roles of the chairman and the senior independent director, emphasising the chairman's role in providing leadership to the non-executive directors and in the communication of shareholders' views to the board.

the board should report on the quality and effectiveness of internal control and on any failures of control, e.g. in treasury.

The Treasury Profession

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About the ACT

2003 Quarter Four

Question 1 of 10