Why should I choose AnalystNotes?
Simply put: AnalystNotes offers the best value and the best product available to help you pass your exams.
Basic Question 6 of 8
A board member will not be considered independent if ______
II. he used to be the national sales manager for the company but quit before he was elected a board member.
III. his wife works for an accounting firm which is the auditor for the company.
I. his daughter works for the company as a secretary.
II. he used to be the national sales manager for the company but quit before he was elected a board member.
III. his wife works for an accounting firm which is the auditor for the company.
User Contributed Comments 7
| User | Comment |
|---|---|
| magicchip | Talk of overkill. |
| boddunah | ha ha ha ha |
| jpducros | What about if answer I was : His daughter works for the company as a carpet cleaner. Would that create also a material relationship ? |
| bani007 | Still would not be independent because he would try to promote his daughter |
| jayj001 | some power-wielding secretary |
| gulfa99 | way to go..from a cleaner to a ceo :) |
| schweitzdm | Rather funny. But a very good question jpducros, thanks for posing it. |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe potential risks of poor corporate governance and stakeholder management and benefits of effective corporate governance and stakeholder management
CFA® 2025 Level I Curriculum, Volume 2, Module 3.