The nominations committee should comprise a balance of executive and non-executive directors. True or False?Select one:TrueFalse

Answer

The statement that the nominations committee should comprise a balance of executive and non-executive directors is generally considered True.

A balanced composition of executive and non-executive directors on the nominations committee helps ensure a diversity of perspectives and expertise, which can lead to more thorough, fair, and effective decision-making regarding board appointments. Executive directors bring insights about the company's operations and strategy, while non-executive directors can offer independent judgment and oversight, contributing to more balanced governance practices. This balance aligns with best practices in corporate governance, aiming to prevent dominance by any single group and foster accountability.