RE: Full price for the Holy Grail28 May 2025 20:00
In general, non-executive directors of an AIM (Alternative Investment Market) company are not required to declare their spouse's shareholding in the company. However, they may be required to disclose potential conflicts of interest stemming from their spouse's shareholdings or other relationships.
Here's a more detailed explanation:
No specific requirement for spousal shareholding declarations:
While directors are expected to disclose their own shareholdings and interests in the company, there isn't a blanket rule requiring them to disclose their spouse's shareholdings.
Duty to disclose potential conflicts:
A director must disclose any potential or actual conflict of interest, and this may include situations where a spouse's shareholdings could lead to a conflict.
Independence and impartiality:
Non-executive directors are expected to be independent and impartial, and potential conflicts must be disclosed to the board so they can assess the impact on the director's ability to act in the best interests of the company.
Company policies:
Individual company policies may have specific requirements for disclosure, so it's always best to refer to the specific AIM company's governance guidelines.