By Richard Naish, Daniel O’Gorman
New corporate governance requirements for AIM companies come into effect on 28 September 2018. From that date, AIM companies will be required to disclose on their website details of the corporate governance code that they have decided to apply, explain how they comply with such code or provide an explanation for why they don’t.
As reported in our March edition of Corporate Matters, AIM Notice 50 was issued by the London Stock Exchange (LSE) on 8 March 2018 confirming, amongst other things, changes to the AIM Rules for Companies in relation to corporate governance (Rule 26). The Notice stated that, although all new applicants to AIM needed to state which corporate governance code they intended to follow from 30 March 2018, all existing AIM companies had until 28 September 2018 to comply fully with the new requirements under Rule 26.