Accounting Multiple Choice Question – 25 May 2025

Big Staffie plc is listed but is outside the FTSE 350.

This means that, according to the UK Corporate Governance Code, the minimum number of independent non-executive directors that
should sit on the company’s board is?

Select ONE answer:

1. One
2. Two
3. Three
4. Variable as it depends on the total number of people on the board

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 2

1. Not correct
2. Correct == > This is set out in provisions supporting main principle B1 (effectiveness: the composition of the board) of the Code.
3. Not correct
4. Not correct

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