Directors' remuneration

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26 February 2010

Directors of AIM companies should be aware that recent changes to the AIM Rules for Companies require annual accounts to disclose details of directors' remuneration.

The AIM Rules for Companies now state that the following items must be disclosed for each director:

  • emoluments and compensation, including any cash or non-cash benefits received
  • share options and other long term incentive plan details including information on all outstanding options and/or award
  • the value of any contributions paid by the AIM company to a pension scheme.

The LSE has confirmed that none of this information needs to be audited.

These new requirements supplement the existing disclosure requirements for directors' remuneration set out in the Large and Medium-Sized Companies and Groups (Accounts and Reports) Regulations 2008.

The new disclosure requirements relate to financial years ending on or after 31 March 2010.

For most AIM companies this should not result in any material change to current practice. The position for AIM companies is still very different from companies on the Official List as:

  • the AIM Rules for Companies do not require an audit of the information disclosed as directors' remuneration
  • there is no requirement for a vote on the remuneration report.

Click here to access AIM Notice 36 published earlier this month.

If you would like any further information on AIM please speak to your usual contact at Burges Salmon or:

Alan Barr on +44 (0) 117 939 2255 email:

Chris Godfrey on +44 (0) 117 939 2219 email:

Nick Graves on +44 (0) 117 939 2200 email:

Rupert Weston on +44 (0) 117 939 2228 email:

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