The original Code was introduced for the largest stock exchange listed companies on 1 July 2005. After three years, the Corporate Governance Board conducted a major review of the Code, with the aim of broadening its application to all listed companies.
The review led to a considerable shortening and simplification of the Code, without compromising the level of ambition for corporate governance. The revised Code came into force on 1 July 2008 and is applicable to all stock exchange listed companies. To help the markets keep track of all the changes and understand the reasoning behind them, the Board compiled an annotated comparison of the original and revised Code texts, based on the structure of the original. The same material is also presented in reverse order, i.e. following the structure of the revised Code.