UK Corporate Governance Reform Quiz
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Questions and Answers

What served as the catalyst for corporate governance reform in the UK?

  • Early corporate scandals involving Maxwell and Polly Peck (correct)
  • Shareholder activism for corporate change
  • Imposing greater fiduciary duty on company directors
  • Government intervention in corporate affairs
  • What is the approach to corporate governance reform adopted in the UK?

  • Mandatory compliance approach
  • Voluntary guidelines approach
  • ‘Comply or explain’ approach (correct)
  • Government-imposed regulations approach
  • What was the aim of the reforms to corporate affairs in the UK?

  • Reducing shareholder activism
  • Aligning manager’s interests with those of the shareholders (correct)
  • Minimizing the role of risk in corporate governance
  • Imposing stricter regulations on companies
  • What report marked a significant milestone in the UK corporate governance reform?

    <p>Cadbury Report 1992</p> Signup and view all the answers

    What has been the role of shareholder activism in corporate governance reform?

    <p>Encouraging shareholders to take an active interest in their company</p> Signup and view all the answers

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