UK Corporate Governance Code
The UK Corporate Governance Code sets out principles and provisions on board leadership, responsibilities, appointments, audit, risk, internal control and remuneration for companies within its applicable scope. Companies report against it under the relevant listing and reporting rules, explaining departures from provisions where the code permits. The ACCA AA and AAA INT September 2026–June 2027 examinable list names the January 2024 revision as an example of a best-practice code; its individual implementation dates and the law applicable to an actual company require separate assessment.
Worked example
A listed company explains a temporary departure from a governance provision and describes how its board will maintain oversight and address the departure. Readers assess the explanation rather than assuming the board automatically has effective governance.
Common mistake
Do not treat a UK example as universal corporate law or assume that explaining a departure removes all mandatory legal and listing obligations.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Supporting | September 2026–June 2027 |
| ACCA | AAA (INT) | Supporting | September 2026–June 2027 |
| ACCA | BT | Supporting | September 2026–June 2027 |
| ACCA | SBL | Supporting | September 2026–June 2027 |
| FIA | FBT | Supporting | September 2026–June 2027 |