This question requires candidates to explain two related but distinct aspects of the nature and function of company directors, specifically within the context of corporate governance. Part (a) requires an explanation of the different roles of chairmen and chief executives and part (b) requires an explanation of the two distinct but related types of directors.

8–10 marks 
Thorough explanation of the meaning and effect of both elements of the question with appropriate reference to corporate governance.

5–7 marks 
Reasonable explanation of both aspects but perhaps lacking in detail in relation to some of the individual parts.

2–4 marks 
Some, but limited, knowledge of both elements or only dealing with one of them.

0–1 mark 
Little, if any, understanding of any of the terms.