Accounting Multiple Choice Question – 18 May 2025

The UK Corporate Governance Code contains principles for the level and make-up of directors’ remuneration.

A consultant has made the following statements about these principles.

Statement 1 – Design remuneration to promote the long-term success of the company

Statement 2 – Establish a formal and transparent procedure for developing policy on executive remuneration and for fixing the remuneration packages of individual directors

Statement 3 – Obtain the auditor’s approval of the remuneration set

Which statements are true?

Select ONE answer:

1. 1 and 2 only
2. 2 and 3 only
3. 1 and 3 only
4. 1, 2 and 3

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

1. Correct == > True True False
2. Not correct
3. Not correct
4. Not correct

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