Committees at the board level are also known as governance committees. Which of the following committees is most commonly established per legal and regulatory requirements? (Wentz QOTD)
A. Audit committee
B. Executive committee
C. Project governance committee
D. Strategic development committee

Kindly be reminded that the suggested answer is for your reference only. It doesn’t matter whether you have the right or wrong answer. What really matters is your reasoning process and justifications.

My suggested answer is A. Audit committee.

Audit Committee

An audit committee is a committee of an organisation’s board of directors which is responsible for oversight of the financial reporting process, selection of the independent auditor, and receipt of audit results both internal and external.

A qualifying (cf. paragraph “Composition” below) audit committee is required for a U.S. publicly traded company to be listed on a stock exchange… The role of audit committees continues to evolve as a result of the passage of the Sarbanes-Oxley Act of 2002. Many audit committees also have oversight of regulatory compliance and risk management activities.

Source: Wikipedia

Executive Committee

An executive committee is organized and delegated to represent the full board because
it’s not always practical for board members, especially large boards, to gather in-person to
make decisions and take some necessary action.
The executive committee is a standing committee, often functioning as a steering
committee and composed of senior-level executives and board officers, such as the
chair, the CEO, and a subset of officers and directors, to act on behalf of the board when
the entire board cannot meet.

Source: The Effective CISSP: Security and Risk Management

Reference

• Governance committees
• Governance Committees (ACFID)
• Corporate Governance Committees & Charters
• Governance Committees: New Trend on Nonprofit Boards

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董事會級別的委員會也稱為治理委員會。 根據法律和法規要求，最常建立以下哪個委員會？ (Wentz QOTD)
A. 稽核委員會
B. 執行委員會
C. 專案治理委員會
D. 戰略發展委員會