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