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Questions and Answers
What served as the catalyst for corporate governance reform in the UK?
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?
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?
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?
What report marked a significant milestone in the UK corporate governance reform?
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What has been the role of shareholder activism in corporate governance reform?
What has been the role of shareholder activism in corporate governance reform?
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