Buzz Archive:
NAPF: Corporate Governance Policy For AIM Companies

by Simon Fielder and Caroline Grange of Pillsbury Winthrop Shaw Pitman LLP, 10/11/2007

The National Association of Pension Funds ("NAPF") has recently published corporate governance policy and voting guidelines for AIM companies. NAPF introduced the Guidelines in response to the continued internationalisation of AIM and the growing interest amongst institutional investors in AIM companies. The Guidelines are not binding on AIM companies, although investors will often expect companies to comply with such guidelines to the fullest extent possible.

This week, VC Experts relies on Simon Fielder and Caroline Grange of Pillsbury Winthrop Shaw Pitman LLP, as they discuss among other things, best practices for:

• Board Composition
• Combined Roles of Chairman and Chief Executive
• Composition of the Audit, Remuneration and Nomination Committees
• Preemptive Rights
• Director Independence