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Rules of the New York Stock Exchange (NYSE) and the NASDAQ, which apply to firms listed...

Rules of the New York Stock Exchange (NYSE) and the NASDAQ, which apply to firms listed on the NYSE or NASDAQ, require that audit committees comprise only _____.

a. inside directors

b. outside directors

c. top level officers

d. independent directors

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Answer #1

Audit committee shall comprised of at least three directors who are required to meet the NYSE or NASDAQ respective definition of Independence, in addition to the independence requirement of rule 10A-3. So Option d is Correct Answer

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