SECTION 1: AC COMPOSITION

SECTION 1 AC Composition Contents 1.1 Introduction 2 1.2 Structure and Authority 2 1.3 Terms of Reference 5 1.4 Independence and Objectivity 7 1.5 Role of NC in AC Appointments 8 1.6 Selection of AC Members 8 1.7 Selection of AC Chairman 10 1.8 Tenure of AC Members 11 Appendices 1A Frequently Asked Questions 12 1B Case Studies • 1B-1 Director Independence of AC Members 14 • 1B-2 Former EA Partner as an AC Member 18 • 1B-3 Insufficient Number of AC Members 20 1C Sample AC Terms of Reference 23 1D Sample ARC Terms of Reference 32 1