【单选题】The board of directors of TBF Company has decided to establish an audit committee for the first time. The committee will be made up of three independent non-executive directors. As the company has six...
A.
It is inappropriate for the chairman of the company to be chairman of the audit committee at the same time
B.
Whilst the audit committee should be made up of a majority of non-executive directors, it is undesirable that there will be no executive directors serving on it
C.
The audit committee will not have the necessary competences to discharge its responsibilities over the full two year period
D.
The non-executive directors should retire annually, so no arrangements should be put in place in relation to the composition of the audit committee for the second year