AIM is a dedicated growth market for small and medium sized companies, established in June 1995 as part of 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.

First Flight have 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 companies.

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 has ten principles of corporate governance: Their view is that companies need to deliver growth in long-term shareholder value. This 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; the Board should understand and challenge its own diversity including gender as part of its composition.


We are a firm believer that a Non-Executive Director who becomes involved with a company early enough in the IPO process can have a significant input into the IPO preparation.

First Flight are passionate about helping AIM Companies strengthen their Boards by providing high calibre, commercial Non-Execs who can really add value to the business.

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.

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