ICANBusiness, Management and FinanceBusiness Ethics and Corporate Social Responsibility2020

Under Section 394 of CAMA 2020, a public company is required to include a statement of corporate governance in its annual report. Which of the following is NOT a mandatory disclosure element under this provision?

AThe remuneration policy for directors and senior management
BThe company's policy on managing environmental and social risksCORRECT
CA description of the main features of the company's internal control and risk management systems
DThe composition and activities of the board and its committees
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Why the answer is B, and why the others tempt you.
Section 394 of CAMA 2020 mandates corporate governance disclosures including board composition, remuneration policy, and internal control and risk management systems. While environmental and social risk management is encouraged under the NCCG 2018 and global best practice, it is not explicitly listed as a mandatory element under Section 394 of CAMA 2020, making it the item that is NOT mandatorily required by that specific statutory provision.
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