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The Financial Reporting Council of Nigeria (FRCN) Nigerian Code of Corporate Governance 2018 recommends that the remuneration of executive directors should be determined by which committee to ensure independence and prevent conflicts of interest?

AAudit Committee
BRisk Management Committee
CRemuneration Committee composed of a majority of non-executive directorsCORRECT
DFinance and General Purpose Committee chaired by the CEO
AI
Toaster Teacher
Why the answer is C, and why the others tempt you.
The FRCN Nigerian Code of Corporate Governance 2018 requires that a Remuneration Committee, composed predominantly of independent non-executive directors, determines executive remuneration to ensure objectivity and prevent self-dealing. An Audit Committee's mandate relates to financial reporting oversight, while a CEO-chaired committee would create an obvious conflict of interest.
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