Corporate governance

Question 1

What is the comply or explain regime within the UK corporate governance code?

Organisations should avoid a tick box approach

Answer 1

LSE requires all premium listed companies to:
Apply the code’s principles and include in their annual reports;
A statement of how they have applied the principles & complied with the code
OR
A statement of non compliance

Question 2

Application of the corporate governance code, (or Wates code for large private companies) are designed to

a) Encourage board, auditors and shareholders to accept their legal obligations
b) Encourage the scrutiny of stweardship
c) Impose checks and controls on directors
d) All of the above

Answer 2

d

Question 3

What is the general statutory requirement of companies?

Answer 3

To treat shareholders equally in respect to information access