Question

Which of the following accurately describes an executive director of a company? Regarded as being more...

Which of the following accurately describes an executive director of a company?

Regarded as being more independent with respect to the audit
May be more likely to cover up problems than a non-executive member
Have little responsibility for the operations of the company
Employees of the company who are also board members
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Answer #1

Answer is Employees of the company who are also board members.

Executive Directors are full time employees of the company and they are part of board of directors of the company. They are not independent directors since they are employees of the organisation. They have responsibility for day to day operations of the firm and they have many reportees like vice president and general manager. They do not cover up problems since it is ethical issue. So answer is last option.

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