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What is remuneration committee and audit committee

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Reference no: EM132584061

You are the chief financial officer (CFO) at Vega International Private Ltd, a family-owned company, founded by Mr. Anil Silva who is the chief executive officer (CEO) to Vega International. Mr. Silva expects to convert his business into a Public Limited Company and to be listed its shares on the Colombo Stock Exchange. You have received following email from your CEO in which he seeks you to clarify some matters relating to code of best practices on corporate governance.

From - CEO

To - Chief Financial Officer

Subject - Clarification on Corporate Governance

As you already know, we are going to convert our business into Public Company and to be listed on the Colombo Stock Exchange (CSE) with effect from 1 September 2020. Got to know, as a company listed on the CSE, we will be required to comply with the code of best practices on corporate governance, which is an unfamiliar area.

Question a. What do you mean by corporate governance?

Question b. What is the role of the CEO and the Chairman of the board?

Question c. What is the difference between an executive director and a non-executive director?

Question d. What is remuneration committee and audit committee?

Required

Respond to the CEO's email

Reference no: EM132584061

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