Question

An "outside director" on a company's board of directors
a. worked for the company in the past, but is now retired or with another firm.
b. is unlikely to bring a diverse or unique perspective to board discussions and decisions.
c. can only serve on one board at a time.
d. cannot chair the board's audit or compensation committee.
e. has valuable expertise, but limited vested interest in the firm before assuming the role.

Answer

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