Question:Which of the following is a requirement of the UK Corporate Governance Code?
  A. When the roles of chairman and chief executive officer are separated, there is no requirement for a senior non-executive director.
  B. The board should use the annual general meeting to communicate with private investors in the company.
  C. Non-executive directors should attend at least one half of the formal board meetings each year.
  D. There should be at least four formal board meetings each year.
  The correct answer is: The board should use the annual general meeting to communicate with private investors in the company.
  The UK Corporate Governance Code does not specify the minimum number of formal board meetings each year, nor an attendance rate for NEDs. It also specifies that a senior NED should be nominated, even when the roles of chairman and CEO are held by different individuals.