The London Stock Exchange has confirmed that it has strengthened the corporate governance requirements for AIM companies from the 28th September this year with new entrants to the market having to comply with the rule from the end of March 2018. The board of directors at AIM companies must now provide a recognised corporate governance code […]
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The London Stock Exchange (LSE) is consulting on rules changes for AIM companies including the requirement for firms to report against a recognised corporate governance code. Responses to the LSE’s discussion paper released in the summer found a majority supported firms reporting against a code on a comply or explain basis. Under the revised rules […]
Read MoreShareSoc, which represents individual investors, raised concerns about the regulation of the AIM smaller company market at the recent London Stock Exchange (LSE) AGM. The organisation’s director, Mark Bentley, accused the LSE of failing in its function as operator and regulator of the AIM market. Speaking at LSE’s AGM Bentley said, “Why does the LSE not do […]
Read MoreLondon Stock Exchange this week announced a consultation on the AIM Rules a which is open until 15 January 2010. The proposals will see all AIM companies obliged to disclose details of directors’ remuneration on an individual basis, as the rules catch up with the actual practice of most leading AIM companies. The UK Companies […]
Read MoreThe annual report of former AIM-traded company Meldex International plc for the December 2008 year end has been published and includes revealing statements from the new CEO about the serious lapses in corporate governance during the tenure of his predecessor. In June 2009, Meldex, the Cambridge-based pharmaceutical company whose shares were suspended in December 2008, […]
Read MoreNorthern Rock’s former shareholders have lost their bid for a judicial review of the nationalisation compensation scheme but have vowed to press their claims in the the House of Lords and, potentially, the European Court of Human Rights. The House of Lords appeal could be heard in summer 2010 but an appeal to the European Court could take […]
Read MoreConcerns about the corporate governance arrangements of AIM quoted companies will no doubt raise their head again after the public censure of Blue Oar Securities, the AIM Nominated Advisor (NOMAD) that last week changed its name to Astaire Securities. Blue Oar has been fined £225,000 by the London Stock Exchange for its handling of […]
Read MoreLondon AIM-listed Sibir Energy plc, (SBE.LN), the Russian energy company listed on London’s Alternative Investment Market (AIM), has begun proceedings in the High Court against two of its former directors…
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