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Guides for Directors

Guidance for Directors on meeting their corporate governance and fiduciary responsibilities.

click to downloadMoney Laundering Regulations 2007

4 September 2008

The AIC has produced guidance to help non-executive directors understand and apply the HMRC Guidance on the Money Laundering Regulations 2007.

click to downloadInvestment policies: AIC guidance on the requirements of the Listing Rules

4 August 2008

FSA confirmed industry guidance designed to help directors and other industry participants prepare investment policies as required by the Listing Rules.

click to downloadDirectors' Fees and Board Structures

25 February 2008

A comprehensive survey of investment company board structures and directors’ fees, produced by Lipper (previously Fitzrovia International).

click to downloadShareholder Engagement

24 July 2007

The Institutional Shareholders' Committee has reviewed and updated the Statement of Principles on shareholder engagement.

click to downloadThe AIC Code of Corporate Governance©

1 June 2007

The rebranded edition of the ''The AIC Code of Corporate Governance©'' which has been endorsed by the Financial Reporting Council, the UK’s independent regulator for corporate reporting and governance.

click to downloadAIC Corporate Governance Guide for Investment Companies

1 June 2007

This rebranded guide provides a comprehensive guide on corporate governance which brings together the relevant requirements and recommendations from the Combined Code, the AIC Code of Corporate Governance and the Listing Rules.

click to downloadTreasury Shares

11 August 2006

A review of market experience and perspectives on Treasury Shares in the investment company market by Diane Wilde.

click to downloadDirectors' and Officers' Insurance

6 April 2006

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.

click to downloadEvaluation of the Manager: A paper for Non-Executive Directors of Investment Companies on meeting the requirements of the listing rules

2 December 2004

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.

click to downloadThe Role and Employment of Corporate Brokers  - A Guide for Non-Executive Directors of Investment Trusts

15 November 2004

This guide describes the range of services offered by corporate brokers.

click to downloadThe AITC Investment Trust Directors Survey 2004

4 November 2004

The results of the Investment Trust Directors Survey 2004 conducted by IRS (Independent Remuneration Solutions).

click to downloadA Guide to Performance Appraisals for Non-Executive Directors of Investment Companies- Executive summary

15 March 2004

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. 

click to downloadA Guide to Performance Appraisals for Non-Executive Directors of Investment Companies - Full Version

15 March 2004

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.

click to downloadTreasury Shares

19 September 2003

A guide to the commercial and technical issues.

click to downloadInternal Controls Guidance (Turnbull)

28 January 2000

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.        

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