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AIM is a Listed market for small and medium sized growth companies, established in June 1995 as part of the London Stock Exchange. It is a geographically and sector-diverse market, with companies operating in over 100 countries, representing 40 different sectors ranging from financial services firms to healthcare and technology companies.

AIM and FTSE Small Cap Listed Company Recruitment

First Flight has recently become a preferred partner of the London Stock Exchange Issuer Services Marketplace as a provider of Chairs, Non-Execs & Advisory Boards to smaller quoted companies on the Main Market & AIM.

Being an AIM listed search & selection company means we have a particular focus working with AIM & FTSE Small Cap Clients; we are the only Search firm that works with the LSE.

The LSE listing rules changed in September 2018 and one new requirement is for all AIM Companies to comply with a Code: either the UK Corporate Governance Code or the Quoted Company Alliance Code.

The Quoted Company Alliance (QCA) Code has ten principles of good Governance: For companies to deliver growth in long-term shareholder value, requires an efficient and dynamic management framework and should be accompanied by good communication which helps to promote confidence and trust. 

  • The Board should have an appropriate balance between Executive and Non-Executive Directors and should have at least two Independent Non-Executive Directors.
  • The Board should ensure that between them the Directors have the necessary up-to-date experience skills and capabilities to operate effectively;
  • The Board should understand and challenge its own diversity including gender as part of its composition.

 A Non-Executive Director who becomes involved with a company early enough in the IPO process can have a significant impac on the IPO success. 

Non Execs for AIM Companies

As an AIM Board Non-Exec search agency First Flight is passionate about helping AIM Companies strengthen their Boards by providing high calibre, commercial Non-Execs who can really add value to the business.

We strike the right balance with our candidates between good Governance and strong entrepreneurial experience particularly relevant for AIM and we currently run at around 35% Women Non Exec placements.

We work with our AIM clients to assess what skills and personalities their Boards will benefit from, we focus our search for our clients on the key or specific skills you require from your Non-Exec(s) along with our experience of understanding the importance of diversity, not only skills and gender but culture and fit for your Board. We have a clear view of how to build ‘the ideal Board’ and how to achieve this successfully.

We know that the appointment of the right Non-Exec is crucial to the effectiveness of your Board and selecting the right Non-Execs has never been more vital to the success of your business and the support of shareholders.

What sets First Flight apart from other search firms is our understanding of Board dynamics and having the broadest reach of any search firm to identify the right Chairs and Non-Execs.

First Flight specialises in providing clients with Chairs, Non-Execs, Advisory Board Members and Trustees. We have proven our ability to come up with high impact candidates that other search firms are unable to locate. We are function specialists. Our ability to come up with outstanding long lists for our clients using our methodology to build an outstanding reputation as a leading Non-Exec Search firm. These are the sectors where First Flight have had the most significant experience:

 

 

 

 

First Flight’s Board review is the most effective means for identifying areas for improving performance within a Board. Competency frameworks are used to identify Director skills, mind-set and diversity issues, and ensure current Directors are being properly utilised. Leading practice recommends that a Board review should involve the Board as a whole, but also review the contribution of individual Directors through an externally facilitated process of evaluation.

The objective of good Corporate Governance is to facilitate, effective, entrepreneurial and prudent management that can deliver the long-term success of the company.

How can the Competency Framework be applied to my organisation?

The framework provides a measurable and achievable guide to the knowledge, skills and mind-set required for Directors to perform effectively and to successfully lead your organisation whatever your sector, industry or location.

A Board review will assess how a Board is performing and as an overview can:

  • Identify areas for Board improvement and identify gaps
  • Enable more effective group dynamics within the Boardroom
  • Provide a check on progress against the organisation’s mission and objectives
  • Provide benchmarks for measuring Board Performance in the coming year

 

The Competency Framework is built around three dimensions: 

1)   Knowledge – Director understanding and appropriate application of essential practical and theoretical information; eg strategy, operations, entrepreneurial & finance.

2)   Skills – expertise that Directors bring to the Board; eg Corporate Governance, digital/E-Commerce, analytical skills, legal, HR etc

3)   Mind-set – attitude and disposition that shapes a Director’s responses, behaviour and contribution; eg independence, ethics, prepares well etc

Within each of the three dimensions Knowledge, Skills and Mind-Set we review a set of core competencies and actionable standards enabling us to assess the strengths and weaknesses of Directors, identify areas for performance improvement and plan for development and succession planning.

Achieving the “Ideal Board”

The Board should debate and agree the best strategy for the company and set itself regular performance objectives and regularly review its achievement against the objectives it sets.

The ideal Board should be both entrepreneurial and deliver robust and effective risk management. Possess a diversity of skills, personalities, age, gender and knowledge to ensure it can debate healthily and deliver against future strategies.

Appointing Non-Executive Directors is an ideal way to address skills and/or diversity and independence issues that the Board may not currently have.

For more information please email This email address is being protected from spambots. You need JavaScript enabled to view it. 

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