ShareSoc Member Barry Gamble has contributed this article.
My recent Financial Times letter “Don’t let the governance guard down in IPO razzmatazz” argued against relaxation of the governance requirements under the listing and AIM rules.
Thirty years ago the scandal surrounding the business affairs of publisher Robert Maxwell prompted the Cadbury report. This defined corporate governance as “the system by which companies are directed and controlled.”
Numerous other reports, directives, rules, regulations, prescribed checklists and best practice guidance have followed since. This confection, including ...
Shares magazine have reported that the CEOs of major platform operators AJ Bell, Hargreaves Lansdown and Interactive Investor have written to Government Minister Jon Glen asking him to consider the rights of retail investors in IPOs. Long gone are the days when new company listings were advertised in newspapers and retail investors could subscribe, and frequently “stag” the issue to make a quick profit. Nowadays institutional investors are typically offered shares in a placing and retail investors are excluded from participating.