为了帮助考生系统的复习ACCA考试课程全面的了解2011年ACCA考试的相关重点，小编特汇总了ACCA历年考题，希望对您参加本次考试有所帮助！！
（c） Retirement by rotation.
Definition
Retirement by rotation is an arrangement in a director’s contract that specifies his or her contract to be limited to a specific period （typically three years）after which he or she must retire from the board or offer himself （being eligible）for re-election. The director must be actively re-elected back onto the board to serve another term. The default is that the director retires unless re-elected.
Importance of
Retirement by rotation reduces the cost of contract termination for underperforming directors. They can simply not be re-elected after their term of office expires and they will be required to leave the service of the board as a retiree （depending on contract terms）.
It encourages directors’ performance （they know they are assessed by shareholders and reconsidered every three years）and focuses their minds upon the importance of meeting objectives in line with shareholders’ aims.
It is an opportunity，over time，to replace the board membership whilst maintaining medium term stability of membership （one or two at a time）.
Applied to Rosh
Retirement by rotation would enable the board of Rosh to be changed over time. There is evidence that some directors may have stayed longer than is ideal because of links with other board members going back many years.
相关文章:
编辑推荐：
（责任编辑：）
微信公众号
网校手机版
Copyright © 2003 - 2020 www.wangxiao.cn All Rights Reserved. 中大英才（北京）网络教育科技有限公司 版权所有
出版物经营许可证:新出发京字第丰180113号
京B2- 20201340
京ICP备10212420号-1
京公安备11010602000551号
营业执照
