27 April 2018
The Quoted Companies Alliance (QCA) has published a revised version of the QCA Corporate Governance Code.
As part the continued effort to boost public trust in business, from 28 September this year all AIM companies will be required to apply a recognised corporate governance code. This rule change means that the option of stating that a code is not followed and making alternative arrangements is no longer available.
The QCA Corporate Governance Code, initially released in 2013, is tailored to meet the needs of small and mid-size quoted firms. It is referred to by a substantial number of AIM companies on their websites, and is also used by a number of privately-owned companies.
The QCA’s revised code includes ten corporate governance principles that companies should follow, and step-by-step guidance on how to effectively apply these principles.
Since its release, the code has become a valuable reference for growing companies wishing to follow good governance practice. It is also used as the basis for our research for the QCA and UHY Hacker Young’s Corporate Governance Behaviour Review. This yearly report benchmarks the corporate governance disclosures made from a random selection of small and mid-size quoted companies and draws insight on corporate governance best practice. Read the 2017 report here.