Which ONE of the following was NOT a recommendation of the Cadbury Committee Report 1992?

Which ONE of the following was NOT a recommendation of the Cadbury Committee Report 1992?
A . Independent non-executive directors should be appointed to the boards of listed companies
B . An audit committee consisting of a majority of non-executive directors should be established to oversee the company’s finances
C . Executive directors should not be offered service contracts for more than five years
unless approved by the shareholders in a general meeting
D . The remuneration packages of executive directors should be agreed by a remuneration committee wholly or mainly comprising non-executive directors

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Answer: C