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Which of the following corporate policies is not required by the UK Corporate Governance Code? A. Remuneration levels should, as far as possible, bear a defensible relationship (having regard to the company's financial position) with those of senior managers within the company. B. Remuneration levels should be sufficient to attract directors of sufficient calibre to run the company effectively, but companies should not pay more than is necessary. C. The board's ultimate objective is to set notice periods of one year or less in relation to service contracts. D. A proportion of remuneration should be based on corporate and individual performance. |