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

Which of the following is INCORRECT in relation to the UK Corporate Governance Code?
A) The board should be made up of a majority of non-executive directors.
B) All 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.
C) There should be a clear division of responsibilities between the Chairman and the Chief Executive.
D) No director should be involved in deciding his or her own remuneration.

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

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam
Question #: 122
Topic #: 1
[All CIMAPRA17-BA4-1 Questions]

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

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Suggested Answer: A

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

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Luann
3 days ago
I agree, B seems off. Some companies are exempt.
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Luann
8 days ago
I think option B is incorrect. Not all companies have to comply.
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Filiberto
14 days ago
I feel option D is also tricky. Some directors might influence their pay indirectly.
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Fernanda
19 days ago
Definitely option B. The statement requirement is for larger firms only.
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Huey
24 days ago
I agree, but I’m leaning towards option A. Some boards might not follow that rule.
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Audry
29 days ago
I think option B is incorrect. Not all companies have to comply.
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Truman
1 month ago
I feel C is the right answer. Clear roles are essential for governance.
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Linn
1 month ago
Definitely D. Directors should not decide their own pay. It's a conflict of interest.
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Laila
1 month ago
I agree, but I’m leaning towards A. Some boards might not follow that rule.
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Desire
2 months ago
I think option B is incorrect. Not all companies have to comply.
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Becky
2 months ago
D) is definitely true, no self-dealing allowed!
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Sarah
2 months ago
I thought some companies could opt out of certain rules?
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Hassie
4 months ago
Wait, are all quoted companies really required to follow this?
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Verlene
4 months ago
Totally agree, the division of responsibilities is key!
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Eleni
4 months ago
A) is correct, boards need non-execs.
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Leonor
4 months ago
B) seems off, not sure all companies have to do that.
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Lashawna
4 months ago
D) is definitely true, no self-dealing allowed!
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Paulina
4 months ago
Wait, are all quoted companies really required to follow that?
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Ellsworth
5 months ago
Totally agree, that's a key principle!
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Percy
5 months ago
A) is correct, boards should have a majority of non-execs.
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Gary
5 months 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
5 months 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
5 months 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
5 months 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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