Which of the following is a component of the UK Corporate Governance Code?

• A. Digital transformation roadmaps
• B. Market risk reporting
• C. Brand governance standards
• D. Composition, Succession and Evaluation

Answer: (C)

Strong governance relies on having the right people in the board, a plan to replace them when needed, and regular checks on how the board and its committees are performing. The UK Corporate Governance Code includes a section on Composition, Succession and Evaluation. It sets out expectations for the mix of skills, experience, independence, and diversity on the board; it requires clear plans for succession, especially for key roles like the chair, and processes for appointing new directors; and it mandates annual evaluation of the board, its committees, and individual directors, with actions to address any gaps. The other options describe important governance-related activities or standards but are not the components specified in the Code.