The code is published by the Financial Reporting Council (FRC). The UK Corporate Governance Code The Financial Reporting Council (FRC) has issued a revised UK Corporate Governance Code to reflect the changing business environment and help UK companies achieve the highest levels of governance. 5 UK Corporate Governance Code 2018 4. However, the current UK corporate governance environment does not exist in isolation, as there have been significant influences from Europe and the U.S.
The UK Corporate Governance Code (formerly known as the Combined Code) sets out standards of good practice for listed companies on board composition and development, remuneration, shareholder relations, accountability and audit. The Code is shorter and sharper than previous Codes, focuses on …

The UK Corporate Governance Code 2018 (PDF) (published in July 2018) applies to accounting periods beginning on or after 1 January 2019.It places greater emphasis on relationships between companies, shareholders and stakeholders. In particular, the collapse of Enron and WorldCom in 2002 has meant issues of corporate governance remain highly topical. When 20 per cent or more of votes have been cast against the board recommendation for a resolution, the company should explain, when announcing voting results, what actions it intends to take to consult shareholders in …

This requirement to state which corporate governance code AIM companies follow is new in 2018 and research indicates that most AIM companies are choosing to apply the QCA Corporate Governance Code, rather than the UK Code, as it is tailored for small and mid-size quoted companies in the UK. UK Corporate Governance Code. The UK Corporate Governance Code (“the Code”) sets out the Principles the board of directors should apply in order to promote the purpose, values and future success of the company.