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

• A. External communications strategy
• B. Board Leadership and Company Purpose
• C. International expansion policy
• D. Environmental risk assessment

Answer: (B)

The main idea here is governance leadership and the company’s purpose. The UK Corporate Governance Code includes a section called "Board Leadership and Company Purpose," which focuses on how the board leads the organization and defines why it exists—its purpose—along with the strategy and values that guide its long-term success. This part of the code requires the board to articulate a clear purpose, shape strategy to deliver sustainable value, and foster the culture and values needed to support that purpose. The other options aren’t formal named components of the Code, even though they may be relevant topics inside governance practices; they don’t represent a specific code section. So the correct choice directly reflects a recognized component of the Code.