Cima C05 Exam Question No 21

Question No 21:

The UK Corporate Governance Code is a ‘comply or explain’ code.
i. The UK Corporate Governance Code is not contained in any statute.
ii. Companies may opt ignore the recommendations of the Code, as long as it explains.
Which of the following is CORRECT in relation to the above statements?

A. i only
B. ii only
C. Both i and ii
D. None of them

Answer: C

Cima C05 Exam Question No 20

Question No 20:

The all-executive board:

A. Is only found in the UK public companies
B. Is commonly found in private companies in Germany
C. Has no company secretary
D. Is comprised of directors, all of whom have managerial roles

Answer: D

Cima C05 Exam Question No 19

Question No 19:

The UK Corporate Governance Code is a ‘comply or explain’ code.

i. The UK Corporate Governance Code is not contained in any statute.
ii. Companies may opt ignore the recommendations of the Code, as long as it explains.
Which of the following is CORRECT in relation to the above statements?

A. i only
B. ii only
C. Both i and ii
D. None of them

Answer: C

Cima C05 Exam Question No 18

Question No 18:

The all-executive board:

A. Is only found in the UK public companies
B. Is commonly found in private companies in Germany
C. Has no company secretary
D. Is comprised of directors, all of whom have managerial roles

Answer: D