The Corporate Governance Code of the IPGC came into effect in 2018 and was widely adopted by listed companies whose securities are admitted to trading on the Portuguese regulated market.

The first monitoring exercise – relating to the year 2018 – was comple- ted in 2019, and the IPCG succeeded in fulfilling the commitment assumed in the preamble of the original version of the 2018 Code, to create and maintain the necessary and appropriate structures for mo- nitoring the Code and analysing its application.

The 2020 revision of the 2018 IPCG Code thus constitutes the result of a self-regulatory exercise, concluded in late July 2020, and made possible by the cooperation between all the institutions involved, in a continuous and common effort to improve corporate governance prac- tices in the Portuguese capital market.