Cima C05 Exam Question No 29

Question No 29:

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 28

Question No 28:

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 27

Question No 27:

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 26

Question No 26:

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 25

Question No 25:

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