(c) Define ‘retirement by rotation’ and explain its importance in the context of Rosh and

(c) Define ‘retirement by rotation’ and explain its importance in the context of Rosh and Company.

(5 marks)

(c) Retirement by rotation.DefinitionRetirement by rotation is an arrangement in a director’s contract that specifies his or her contract to be limited to a specificperiod (typically three years) after which he or she must retire from the board or offer h