Shareholder body demands the London Stock Exchange’s AIM market use a governance code and regulate for “clearly independent” non-executive directors.
AIM market companies should be subject to a corporate governance code, according to ShareSoc, the body representing individual shareholders.
The demand comes amid a raft of recommendations for AIM, owned by the London Stock Exchange Group, to improve governance in the market and accountability to shareholders.
Among the other demands are calls for an improvement in the enforcement of AIM regulations; remuneration of directors should be disclosed and should be approved by a vote at AGMs; non-executive directors should be “clearly” independent
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