The QCA Corporate Governance Code turns 10 years old this year, having first been published back in 2013. The QCA Code underwent a revision in 2018, which coincided with the London Stock Exchange’s change to its rules (AIM Rule 26) that required all companies to apply a recognised corporate governance code. This saw the vast majority of AIM companies choose to apply the QCA Code, demonstrating a recognition of its practical, outcome-oriented approach that is specifically tailored for small and mid-sized quoted companies.
As we enter the 10th anniversary of the QCA Code (and it now being 5 years since the last revision), the QCA will be updating the Code again.
However first, we delve more into its history.