Smaller London-listed companies need to AIM higher

London stock exchange building picture

Australian companies listed on the London Stock Exchange’s (LSE) Alternative Investment Market (AIM) are now required to report on how they apply a recognised corporate governance code.

The change came into effect from March, but must be fully complied with by 28 September 2018.

According to Guerdon Associates, there are around 50 Australian companies listed on AIM, an international market for smaller and growing companies.

The change follows a series of consultations and responses since the LSE published a discussion paper in July last year.

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