Which one of the below statements about the 'comply or explain' approach to corporate governance regulation is correct?

Question

Quizplus · Accepted Answer

The 'comply or explain' approach is a hallmark of UK corporate governance regulation, not primarily associated with the US approach, and it has not been abandoned by the UK after the 2008 financial crisis. It remains a fundamental principle within the UK Corporate Governance Code, allowing companies to either comply with the code or explain why they have not, thus providing flexibility while maintaining accountability.

Which One of the Below Statements About the 'Comply or Explain