WTW is a global company which produces high-tech equipment such as smart televisions and mobile phones The CFO has just resigned, having been offered a post at a competitor The CFO was well regarded and WTWs share price has fallen in response to the announcement
At a board meeting the production director commented that the share price fall is the fault of the nomination committee
Which THREE of the following statements are correct?
A . The nomination committee should prepare a description of the role and capabilities required for the CFO’s replacement
B . If the nomination committee had been working effectively the CFO would not have resigned
C . When planning the CFO’s replacement the nominations committee should consider the diversity of the board
D . The nomination committee should have considered succession planning for directors before the CFO resigned
E . Most of the members of the nomination committee should be executive directors as they are responsible for ensuring the share price recovers quickly.
Answer: A,C,D