By Alison Johnson
From 28 September 2018, an AIM company will need to disclose on its website how it complies with or departs from a recognised corporate governance code. This obligation has been introduced through AIM Notice 50 and amended AIM Rule 26.
There is no definitive list of governance codes which can be adopted for this purpose, although the LSE has referred to the UK Corporate Governance Code and the Quoted Companies Alliance Code as established benchmarks. For companies incorporated overseas and/or with dual listings it may be that a more “local” governance code will be appropriate. Directors will need to carefully compare governance codes to assess which works best within their structure and operations.