London Stock Exchange Group today published a new, comprehensive corporate governance guide. Authored by a wide range of leading international legal, accountancy and advisory firms and in conjunction with the Financial Reporting Council and the QCA, the Guide sets out clear advice and best practice for pre- and post-IPO companies.
The Guide is intended to encourage transparency, accountability and best practice and enhance the long-term stability of companies on AIM and the Main Market. The Guide contains detailed information from 25 organisations and includes chapters covering:
• An introduction to the UK regulatory framework;
• Requirements for UK and international companies;
• Structuring of a Board;
• The role of advisers; and
• Governance reporting and shareholder communications.
Alastair Walmsley, Head of Primary Markets, London Stock Exchange Group said:
"Good governance and strong management have never been more important to the continued health of the UK's capital markets and we firmly believe that high standards of corporate governance make an important contribution to a company's long term performance. This Guide aims to encourage companies to consider corporate governance in the widest sense possible including board efficiency, transparency, reporting requirements, investor communications and sustainability. This publication demonstrates our commitment to providing companies with ongoing support to ensure that they receive the maximum benefit from being admitted to the London markets."
To download the new guide, go to: http://www.londonstockexchange.com/companies-and-advisors/aim/publications/documents/corpgov.pdf