Question:Which of the following corporate policies is not required by UK Corporate Governance Code?
A. A board where there is a balance of power between the Chairman and the Chief Executive such that no one person has unfettered powers of decision.
B. A board that has a balance of executive and non-executive directors in terms of local, regional and national representation such that, in particular, local commercial issues are appropriately represented.
C. A board that meets regularly, has certain matters reserved for its decision and where directors are able to obtain independent professional advice.
D. A board that has a balance of executive and non-executive directors such that no individual or small group is dominant.
The correct answer is: B
The UK Corporate Governance Code does not include any recommendations in relation to the geographical representation of board members.