Accounting Multiple Choice Question – 31 May 2025

Alex is the chief executive of Big staffie plc.

The company’s remuneration committee has recently been putting together a new long-term incentive scheme for Alex, the details of which have now been agreed.

However, under the requirements of the UK Corporate Governance Code, before matters can be finalised the scheme should be approved by the company’s….?

Select ONE answer:

1. Board of directors
2. Shareholders
3. Chairman
4. Non-executive directors

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 D1 (remuneration: level and components of remuneration) of the Code.
3. Not correct
4. Not correct

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