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What are some of the responsibilities of that committee

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Question - In small companies, the board of directors is primarily made up of the owners and relatives of the company plus a small number of external members. In large companies, the opposite occurs. A board of, say, 15 members, might have one management director and even then, they might be ex-officio, without a vote. The board designates various committees, the most critical is the Audit Committee. What are some of the responsibilities of that committee?

Reference no: EM133160348

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