Who is defined as 'close family' in a corporate context?

In a corporate context, 'close family' typically refers to individuals who have significant personal connections to an individual, often with implications for conflicts of interest, related party transactions, and other corporate governance matters. The definition of close family can vary somewhat, but it generally encompasses those who have a direct influence or personal bond with the individual, particularly in a business setting.

The chosen answer accurately reflects this understanding by including non-dependent parents, children, and siblings. These individuals are considered close family members because they are directly connected through familial relationships, and their interests may align or conflict with those of the individual, especially in corporate decision-making processes. Recognizing non-dependent relationships ensures that all relevant parties are considered when assessing potential conflicts of interest and governance issues.

In contrast, the other options do not fully capture the breadth of relationships typically classified under 'close family' in this context or imply relationships that are more remote or dependent in nature, which may not hold the same significance in a corporate governance framework.