Although Apple has been seeking a deserving new board member, its officials have declined to comment on the matter. The company’s directors have said that they haven’t appointed any firm for the searching process, for recruitment of the new director, as of now.

At Apple, Mr. York has been credited for being authoritative and efficient in conducting audits pertaining to corporate governance matters, but the recent issue, he also has avoided sharing his opinions.

As per the company’s policies, the audit committee is supposed to be comprised of three members, at least, and one out of these three members must possess a work experience in finance or accounting.

At present, Apple’s audit committee has two directors viz., former Intuit Inc. CEO William Campbell and former Genentech Inc. CEO Arthur Levinson.

Apple’s six-member board including Mr. Jobs, is listed at the Fortune 500 record as the smallest company. Because of this, the level of responsibilities on the shoulders of the directors is much higher-than-expected. Also, a majority of these directors lack in the financial expertise.

“Mr. York's successor should be somebody with sufficient stature and importance to take the CEO on," said Roderick Hills, a former SEC Chairman.