Adopting Corporate Governance Code key to share price rises for AIM-firms, study suggests

Megan Dunsby 3 June 2013, Growing Business

Shares in the top 100 companies on the Alternative Investment Market (AIM) perform better where companies have adhered to the UK Corporate Governance Code and utilised non-executive directors (NEDs).

An analysis of share price fluctuations over a three-year period suggested businesses that have a majority of NEDs on their board have an increased average share price of 22.3% per annum in contrast to businesses with a majority of executive directors who have a share price increase of 17% per annum.

The results of the research commissioned by the London-based executive search firm Edward Drummond also showed FTSE AIM 100 companies who hired a separate NED saw an average share price rise of 21% per annum against a 9% increase for businesses that did not Continue reading…

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