Corporate governance—glossary of terms

Copyright © 2025 LexisNexis

Published by a LexisNexis Corporate expert

Practice notes

Corporate governance—glossary of terms

Copyright © 2025 LexisNexis

Published by a LexisNexis Corporate expert

Practice notes

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Term	Explanation
AIC corporate governance Code (AIC Code)	The corporate governance code issued by the Association of Investment Companies (AIC), which sets out a framework of best practice in respect of the governance of closed-ended investment companies whose shares are traded on public markets.
AIM company/AIM companies	A company with a class of securities admitted to AIM, a market operated by the London Stock Exchange plc.
association of british insurers (ABI)	A trade association representing the UK insurance industry with a focus on corporate governance issues (following its merger with ABI Investment Affairs in June 2014, the Investment Association (IA) assumed responsibility for the guidance previously issued by the ABI in relation to corporate governance).
Association of Investment Companies (AIC)	A membership organisation representing a broad range of investment companies, investment trusts, venture capital trusts and other closed-ended funds.
Audit, Reporting and Governance Authority (ARGA)	A new, independent regulator that has not yet been established, but was recommended by the Kingman Review to replace the Financial Reporting Council (FRC).

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Jurisdiction(s):

United Kingdom

Key definition:

Corporate governance definition

What does Corporate governance mean?

This is the principle of shareholders taking more than just a simple financial interest in their shareholdings.

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