Question

According to Section 178 of the Companies Act, what is the composition requirement for the Nomination and Remuneration Committee of a listed public company?

A It must consist of three or more executive directors, with at least one non-executive director
B It must consist of three or more non-executive directors, with at least one-half being independent directors
C It must have only independent directors, with no non-executive directors
D It must be chaired by the executive chairman of the company
E It must consist of only the executive directors of the company
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