IFoA CB1 Practice Questions - IFoA Subject CB1 Business Finance Exam

The 'comply or explain' principle that underpins the UK Corporate Governance Code means a listed company must:

Comply only with provisions chosen by its auditors Follow every provision of the Code without exception Either comply with a provision or explain why it has not Obtain regulatory approval before deviating from any provision

Correct Answer:

Either comply with a provision or explain why it has not

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