ICSAN Financial Strategy Practice Questions - ICSAN Professional Programme II - Financial Management And Strategy Exam

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Under the Nigerian Code of Corporate Governance (NCCG) 2018, which of the following is recommended to ensure independent board oversight?

The positions of Chairman and Chief Executive Officer should be held by the same individual. The board should consist of a majority of Executive Directors. The board should have a majority of Non-Executive Directors, with a mix of Independent Non-Executive Directors. Independent Non-Executive Directors must own at least 10% of the company's equity.

Correct Answer:

The board should have a majority of Non-Executive Directors, with a mix of Independent Non-Executive Directors.

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