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Wednesday, April 25,2018 11.30AM / QCA
The revised QCA Corporate GovernanceCode - published today by the Quoted Companies Alliance - is a practical,outcome-oriented approach to corporate governance that is tailored for smalland mid-size quoted companies in the UK. Since its initial release in 2013, ithas become a valuable reference for growing companies wishing to follow goodgovernance examples.
The revised QCA Code includes 10 corporate governance principles that companiesshould follow, and step-by-step guidance on how to apply these principleseffectively. It has been put together by the QCA’s Corporate Governance ExpertGroup and a standalone Working Group comprising leading individuals from acrossthe small & mid-size quoted company ecosystem.
The revision of the QCA Code is especially timely and relevant. London StockExchange has recently announced a change in the AIM rules so that all AIMcompanies will be required to apply a recognised corporate governance code andexplain how they do so from September 2018.
QCA research indicates that currently over half of the 900+ companies on AIMrefer to the QCA Code. There is also a significant minority of AIM companiesthat currently do not apply any code.
Gervais Williams, SeniorExecutive Director, Miton Group Plc & and Chairman, Quoted CompaniesAlliance said:
“For a company, applying the QCACorporate Governance Code will help investors get a much more informedunderstanding as to how they manage their risks, and a deeper appreciation oftheir internal cultures. The well-established nature of the QCA code shouldhelp investors directly compare a number of companies on these metrics by acommon yardstick.
“The adoption of the QCA Codeshould continue to help investors correctly pick out the quoted companies withthe best internal cultures, and hence ensure our limited amounts of riskcapital generate attractive returns. Equally importantly, the renewed supportfor quoted smaller companies should help to generate further employment growthand extra tax take in the UK over the coming years.”
Tim Ward, CEO, QuotedCompanies Alliance, said:
“The QCA Code is already thebenchmark for corporate governance on the AIM Market. The revised edition willprovide greater clarity and help for companies wishing to retain and attractinvestors, to raise capital and, ultimately, to create long-term value forshareholders.”
Pleasefind the QCA Corporate Governance Code here
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