The Quoted Companies Alliance (QCA) Corporate Governance Code

Copyright © 2025 LexisNexis
Published by a LexisNexis Corporate expert
Practice notes

The Quoted Companies Alliance (QCA) Corporate Governance Code

Copyright © 2025 LexisNexis

Published by a LexisNexis Corporate expert

Practice notes
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The Quoted Companies Alliance (QCA) is an independent membership organisation that champions the interests of small and mid-sized quoted companies. One of its aims is to promote high quality Corporate governance in quoted companies.

On 13 November 2023, the QCA published a revised version of its corporate governance code (QCA Code) which was last updated in 2018.

The QCA Code takes key elements of good Governance and applies them in a manner which is workable for the different needs of growing companies.

Application

Unlike the UK Corporate Governance Code (which applies to companies with a listing of equity shares in the equity shares (commercial companies) category or the closed-ended investment funds category), the QCA Code does not apply to any specific category of company, although in practice it is more likely to be adopted by small and mid-sized quoted companies, such as those with shares admitted to trading on AIM.

In addition, following the government’s initiatives to encourage larger private companies to adopt a recognised corporate governance code, the QCA has suggested that its code

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Jurisdiction(s):
United Kingdom
Key definition:
Corporate governance definition
What does Corporate governance mean?

This is the principle of shareholders taking more than just a simple financial interest in their shareholdings.

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