CIMAPRA17-BA4-1 Exam - Topic 1 Question 122 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam

Question #: 122
Topic #: 1

Which of the following is INCORRECT in relation to the UK Corporate Governance Code?

AThe board should be made up of a majority of non-executive directors.

BAll UK companies quoted on the London Stock Exchange have to include a statement of how the company has complied with the main principles set out in the Code.

CThere should be a clear division of responsibilities between the Chairman and the Chief Executive.

DNo director should be involved in deciding his or her own remuneration.

Show Suggested Answer

Suggested Answer: A

by Shaun at Mar 04, 2026, 05:07 AM

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Ellsworth

24 hours ago

Totally agree, that's a key principle!

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Percy

6 days ago

A) is correct, boards should have a majority of non-execs.

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Gary

11 days ago

I feel like option C is definitely a requirement, but I can't recall if there's any flexibility in how responsibilities are divided.

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Amber

16 days ago

I'm a bit confused about option D; I thought it was standard practice for directors to not decide their own pay, but is it explicitly stated in the Code?

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Francisca

22 days ago

I remember practicing a question similar to this, and I think option B is definitely correct since it applies to all quoted companies.

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Shelba

27 days ago

I think the one about the board having a majority of non-executive directors is correct, but I'm not entirely sure if it's a requirement for all companies.

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