(b) Up to 1 mark per well explained point, max of 3 marks for advantages and max of 3 marks for disadvantages. Max of 3 marks for each director, overall max of 6 marks in total.

Advantages
– Antony Goldfinch has experience as a NED and of audit committee role
– Antony Goldfinch has agreed to a non-profit related fee
– Jacob Mallard has relevant and recent financial experience as he is a finance director
– Jacob Mallard operates in the retail industry

Disadvantages
– Antony Goldfinch could lack critical skills and relevant experience of the retail industry
– Antony Goldfinch may not have sufficient time as he has a number of roles already
– Jacob Mallard is the brother of the chief executive and so is not independent
– Jacob Mallard wants a seven-year fixed contract which is contrary to corporate governance principles 6
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