What is one of the primary responsibilities of a Nomad in relation to company directors?

A Nomad (Nominated Advisor) plays a crucial role in ensuring that a company's directors are fit to lead and operate within regulatory frameworks. One of their primary responsibilities is to assess the suitability of both the company and its directors. This involves evaluating the qualifications, experience, and integrity of the directors to ensure they meet the standards required to run a publicly listed company. By performing this assessment, the Nomad helps to maintain market integrity and protect investors, as they provide guidance and support to the company in adhering to necessary regulatory requirements and governance standards.

The other options describe responsibilities that do not fall within the typical duties of a Nomad. For instance, while a Nomad may provide advice related to transactions, they do not have the authority to approve all company transactions; this responsibility typically lies with the board. Conducting shareholder meetings is usually managed by the company itself, not the Nomad. Additionally, overseeing annual financial audits is primarily the responsibility of auditors and the finance department, with the Nomad's role being more advisory in nature rather than directly overseeing such audits.