By admin21st November 2019 Welcome to your AA Short Quiz [ Governance ]Are all listed companies in the UK required to comply with the principles found in the UK Corporate Governance Code? Yes NoHint [ Governance ]What is meant by the 'separation of ownership and control?' That the owners of companies have become separated from those who control companies. That the law should seek to keep the owners and controllers of company apart in order to avoid an over-concentration of power. That owners and controllers of companies should not act in concert to defeat resolutions. That those who control the company should be separate to those who own it.Hint [ Governance ]As a matter of law, are directors generally entitled to be paid for their services? Yes No [ Governance ]Which ONE of the following is not a valid difference between executive and non-executive directors? Executive directors work full-time, whereas non-executive directors work part-time. Executive directors tend to be paid considerably more than non-executive directors. Executive directors are involved in the management of the company, whereas non-executive directors are not expected to be involved in management. Non-executive directors should be independent, whereas the executives will usually not be. [ Governance ]Which ONE of the following is not a recommendation of the UK Corporate Governance Code? The board should identify, in the annual report, which directors are considered to be independent. Unless invited, only the chairman and the members of the remuneration committee may attend the meetings of the remuneration committee. f the board considers a director to be independent, it should state its reasons why it considers that director to be independent. In all companies, the majority of directors on a board should be independent non-executive directors. [ Governance ]Which corporate governance report focused specifically on non-executive directors? The Cadbury Report The Greenbury Report The Hampel Report The Higgs Report
