Standards & Guidance
LSE introduces new governance standards for AIM
The
London Stock
Exchange (LSE) has published a new
rulebook for
AIM’s
nominated advisers (nomads) as part of a series of measures to tighten up
governance on the market for smaller companies.
Nomads advise their companies on how to
comply with AIM rules, and the rulebook codifies the role and responsibilities
of nomads based on existing best practice.
The LSE is also introducing enhanced
disclosure requirements for AIM companies: for instance, by requiring them to
maintain a website and display core management and financial information on it.
Martin Graham, head of AIM, said that as the
market continues to grow and becomes increasingly international, the LSE will
take incremental steps to build on its quality and integrity.
AIM
March 2007 |
