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Corporate Governance

Corporate Governance

The UK Corporate Governance Code published by the Financial Reporting Council in April 2016 (the “Code”) applies to the Company. The section in the Code headed “Comply or Explain” acknowledges that in relation to smaller listed companies some of the provisions of the Code will be disproportionate or less relevant and that externally managed investment companies typically have a board structure which may affect the relevance of certain of its provisions. The Board considers that reporting against the principles and recommendations of the AIC Code and by reference to the AIC Guide (which incorporates the Code) will provide better information to shareholders.

You will find more Corporate Governance information on page 37 of the latest Annual Report – available here.