Which of the following is correct in relation to corporate governance in the UK?

Which of the following is correct in relation to corporate governance in the UK?

(i) If a listed public company in the UK fails to comply with the UK Corporate Governance Code, the company and the board may be prosecuted by the Financial Services Authority.

(ii) The duties of directors are codified in the Companies Act 2006 and breaches are enforceable by the company.

(iii) The ability of the majority of shareholders to dismiss a director for any reason whatsoever is the main sanction provided by the UK Corporate Governance Code.
A . (i) only
B . (ii) only
C . (i) and (ii) only
D . (ii) and (iii) only

Answer: D