Exam P3 Topic 1 Question 61 Discussion

Actual exam question for CIMA's P3 exam
Question #: 61
Topic #: 1

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. When planning the CFO's replacement the nominations committee should consider the diversity of the board B. If the nomination committee had been working effectively the CFO would not have resigned C. Most of the members of the nomination committee should be executive directors as they are responsible for ensuring the share price recovers quickly. D. The nomination committee should prepare a description of the role and capabilities required for the CFO's replacement E. The nomination committee should have considered succession planning for directors before the CFO resigned

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