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Guides for Directors

This section contains guides for Directors on meeting their corporate governance and fiduciary responsibilities.

19 Feb 2010
AIC seminar on financing issues for investment company boards (PDF 30 KB)

The AIC has published papers from its seminar on financing issues for investment company boards held on 16th February 2010. This includes the slides from six presentations made by external speakers and details of the lenders which attended this event.
09 Mar 2009
AIC Code of Corporate Governance© (PDF 179 KB)

The AIC's Code of Corporate Governance© republished in March 2009 and endorsed by the Financial Reporting Council.
09 Mar 2009
AIC Code of Corporate Governance© for Jersey-domiciled investment companies (PDF 182 KB)

The AIC has published this special version of the AIC Code of Corporate Governance© for Jersey-domiciled investment companies, which includes a statement of support from the Jersey Financial Services Commission.
09 Mar 2009
Corporate Governance Guide for Investment Companies (PDF 403 KB)

The AIC's Corporate Governance Guide for Investment Companies, republished in March 2009, brings together the relevant requirements and recommendations from the Combined Code, the AIC Code of Corporate Governance© and the Listing Rules.
04 Sep 2008
Money Laundering Regulations 2007 (PDF 43 KB)

The AIC has produced guidance to help non-executive directors to understand and apply the HMRC Guidance on the Money Laundering Regulations 2007.
04 Aug 2008
Investment policies: AIC guidance on the requirements of the Listing Rules (PDF 80 KB)

FSA confirmed industry guidance designed to help directors and other industry participants prepare investment policies as required by the Listing Rules.
25 Feb 2008
Directors' Fees and Board Structures (PDF 700 KB)

A comprehensive survey of investment company board structures and directors’ fees, produced by Lipper (previously Fitzrovia International).
24 Jul 2007
Shareholder Engagement (PDF 27 KB)

The Institutional Shareholders' Committee has reviewed and updated the Statement of Principles on shareholder engagement.
11 Aug 2006
Treasury Shares (PDF 187 KB)

A review of market experience and perspectives on Treasury Shares in the investment company market by Diane Wilde.
06 Apr 2006
Directors' and Officers' Insurance (PDF 486 KB)

A guide for directors of investment companies on procuring Directors' and Officers' insurance. This guide has been produced with the assistance of Howden Insurance Brokers Limited.
02 Dec 2004
Evaluation of the Manager: A paper for Non-Executive Directors of Investment Companies on meeting the requirements of the listing rules (PDF 77 KB)

This paper provides a framework of the factors that Directors might want to consider when evaluating the manager and examples of how the results of the evaluation might be communicated to shareholders.
15 Nov 2004
The Role and Employment of Corporate Brokers - A Guide for Non-Executive Directors of Investment Trusts (PDF 114 KB)

This guide describes the range of services offered by corporate brokers.
04 Nov 2004
The AITC Investment Trust Directors Survey 2004 (PDF 1.8 MB)

The results of the Investment Trust Directors Survey 2004 conducted by IRS (Independent Remuneration Solutions).
15 Mar 2004
A Guide to Performance Appraisals for Non-Executive Directors of Investment Companies - Full Version (PDF 137 KB)

This is the full guide that provides some background to the requirements and desirability of conducting a formal board evaluation. It provides a variety of practical steps that boards could take both to fulfill the requirements and to make sure that the exercise really does bring out areas which could be improved.
15 Mar 2004
A Guide to Performance Appraisals for Non-Executive Directors of Investment Companies- Executive summary (PDF 51 KB)

This is a summary of the full guide that provides some background to the requirement and desirability of conducting a formal board evaluation. It proposes a variety of practical steps that boards could take both to fulfill the requirements and to make sure that the exercise really does bring our areas which could be improved.
19 Sep 2003
Treasury Shares (PDF 1.1 MB)

A guide to the commercial and technical issues.
28 Jan 2000
Internal Controls Guidance (Turnbull) (PDF 98 KB)

A guidance note written by Hugh Aldous and Mark Phythian-Adams as a supplement to the Turnbull Report. The note is designed to assist directors of investment trusts in their responsibility for keeping internal controls under review by addressing issues arising from the particular characteristics of investment trusts.

Guides for Directors

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