Which of the following is true regarding the UK Corporate Governance Code: The Code is not fully backed by the London Stock Exchange. Publicly listed companies in the UK do not have to comply with the requirements of the Code. The Code is criticized for providing less transparency in corporate affairs, resulting in less information available to shareholders. It is a code of best practice which sets out a number of key principles underpinning its approach.

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Which of the following is true regarding the UK Corporate Governance Code: The Code is not fully backed by the London Stock Exchange. Publicly listed companies in the UK do not have to comply with the requirements of the Code. The Code is criticized for providing less transparency in corporate affairs, resulting in less information available to shareholders. It is a code of best practice which sets out a number of key principles underpinning its approach.

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This question requires knowledge of UK corporate governance regulations. The UK Corporate Governance Code is a part of regulatory framework which sets morals, values and principles in an organization controling company's affairs . It is renowned for promoting transparency and holds all publicly listed companies to comply. Its recommendations are largely accepted as the best practice by the London Stock Exchange and adherence to it is a requirement of all the companies listed.

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