Which of the following is not a statutory requirement regarding the committees of the board of directors of publicly held corporations registered with the SEC?

Which of the following is not a statutory requirement regarding the committees of the board of directors of publicly held corporations registered with the SEC?



a. All members of the compensation committee must be independent.

b. At least one member of the compensation committee must be a "compensation expert."

c. All members of the audit committee must be independent.

d. At least one member of the audit committee must be a "financial expert."



Answer: B


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