New corporate governance code - the main points

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again

Which of the following is not a mechanism for engaging the workforce under Provision 5?

Mandatory union representation for all permanent employees of listed companies

A designated non-executive director

A director appointed from the workforce

A formal workforce advisory council

What must be established for the first time?

A threshold for executive remuneration

The company purpose

A workforce representative on the board

A mechanism for consulting all stakeholders

What must boards do if 20 percent or more votes are cast against a resolution?

It can be ignored as long as it is recorded in the annual report

They must have another vote on the resolution

The board should explain what actions it proposes to take to consult shareholders and provide an update after six months, with a final summary in the annual report

The board should explain what actions it proposes to take to consult shareholders

What is the purpose of Provision 19?

To establish the company's purpose

To ensure that the chair of the board rotates every nine years

To ensure boards consider the tenure of the chairperson when they have been in post for longer than nine years

To ensure that the board has contact with the workforce

Which statement best describes the aim of the corporate governance code?

Improving governance to promote the long-term success and attractiveness of capital markets

Improving corporate governance

Controlling executive pay

Improving governance to promote the long-term success of companies

1 Unit

Read the article

New corporate governance code - the main points

Which of the following is not a mechanism for engaging the workforce under Provision 5?

What must be established for the first time?

What must boards do if 20 percent or more votes are cast against a resolution?

What is the purpose of Provision 19?

Which statement best describes the aim of the corporate governance code?

What are the Wates principles?

What should remuneration committees consider before setting executive pay?

What key change has been made to reflect a changing social and economic climate?

How many principles and provisions does the revised code have?

What must remuneration committees do if the calculations lead to a potentially unjustified level of pay?

You scored

0

out of

0

Test passed. Enter your details to download your certificate. Your certificate will also be sent to you by email.