28.
A publicly listed company has a 12-person board of directors. The chairman, who is the past chief executive officer of the company, was named chairman on his retirement date four years ago. Each member is elected for a two-year term and one-half of the positions stand for election every year. The three members of the audit committee are all outside directors and have relevant financial and accounting experience. Which of the following actions would provide the greatest improvement in the corporate governance of this company? A. All members of the board of directors should stand for election every year. B. The company's vice president of finance should be a member of the audit committee. C. The chairman of the board should be an independent director.
