ICANBusiness, Management and FinanceOrganisational Structure and Culture2024

The Financial Reporting Council of Nigeria (FRCN) Nigerian Code of Corporate Governance 2018 recommends that the board of a public interest entity should establish which of the following committees to reinforce accountability within the organisational structure?

AAudit Committee, Risk Management Committee, and Remuneration CommitteeCORRECT
BAudit Committee, Marketing Committee, and Strategy Committee
CFinance Committee, Legal Committee, and HR Committee
DInvestment Committee, Procurement Committee, and Ethics Committee
AI
Toaster Teacher
Why the answer is A, and why the others tempt you.
The FRCN Nigerian Code of Corporate Governance 2018 specifically recommends that public interest entities establish an Audit Committee, a Risk Management Committee, and a Remuneration Committee as part of their board structure to strengthen oversight and accountability. These committees are integral to good corporate governance and directly shape the formal organisational structure at the board level. The other options include committees not specifically mandated by the Code.
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