Chapter 4

Question 2

What is the Corporate Government Framework?

Answer 2

• System by which organisations are directed and controlled
• Concerned with the relationships and responsibilities
• Accountability, fairness and transparency in a company’s relationship with its all stakeholders

Question 3

What are the 3 ways the CGF operates

Answer 3

○ Legislation
- Companies Act 2006
○ Regulation
- London Stock Exchange (LSE)
- Listing Rules
○ UK Corporate Governance Code 2018
- Financial reporting Council (FRC)

Question 4

Learning & Development CAR

Outline the 2018 Corporate Government Code

Answer 4

Leadership
Division of responsibilities
Composition
Auditing
Remuneration