Which THREE of the following statements are part of this approach?

In the UK there is a principles based approach to corporate governance.

Which THREE of the following statements are part of this approach?
A . It consists of principles to be followed unless there is a justifiable reason not to do so.
B . It includes legislation involving punishment for non-compliance.
C . The UK code of corporate governance adopts a ‘comply or explain’ approach.
D . Some of the provisions of the UK corporate code may not be followed exactly providing departure can be justified.
E . It provides a set of rules which must be followed in all circumstances.

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Answer: A,C,D