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

Which of the following is INCORRECT in relation to corporate governance in the UK?
A . Corporate governance is primarily concerned with the ability to control the activities of board of directors of listed public limited companies.
B . The majority of shares in listed public companies are usually held by the board so that independent shareholders have insufficient power to exercise control over the board.
C . Listed public companies in the UK are required to disclose in their annual reports the extent to which they have complied with the requirements of corporate governance.
D . The UK Corporate Governance Code contains codes of best practice which do not have the force of law.

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Answer: B