The New York Stock Exchange requires that the audit committee of boards of directors be composed of ________.
A) outsiders only
B) insiders only
C) a combination of outsiders and insiders
D) men and women

Question

Quizplus · Accepted Answer

The New York Stock Exchange requires that the audit committee of boards of directors be composed of outsiders only, i.e., directors who are not officers or employees of the company and who have no material relationship with the company. This is to ensure that the audit committee is independent and can provide unbiased oversight of the company's financial reporting and internal controls.

The New York Stock Exchange Requires That the Audit Committee