Explain the structure of the audit committee and provide an


1. Based on the 12 best practices determinants of effective compensation committees, describe how a successfully structured compensation committee can help a business improve operations and sustain a healthy growth rate.

2. Explain the structure of the audit committee and provide an example.

3. What are major industry practices with respect to audit committee compensation packages?

4. What kind of special board committees exist and why are they needed?

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Auditing: Explain the structure of the audit committee and provide an
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