Problem
The establishment of board sub-committees has been strongly recommended as a suitable mechanism for improving corporate governance."
Task
1. Explain the purpose of setting up such Committees and the guidelines prescribed by the Mauritius Code of Corporate Governance for their composition.
2. Discuss the extent to which the establishment of board sub-committees acts as a suitable mechanism for improving corporate governance?
3. Critically analyse the reasons for having independent non-executive directors chairing Committees such as the audit committee and the Remuneration Committee.