With more firms and portfolio companies covered by the Guidelines than ever before, the report found a higher level of overall compliance than previous years, with reporting standards equivalent to, or better than, FTSE 350 businesses.
There were some issues surrounding the new entrants however. Whilst they all met the basic requirements, they were unable to meet the expectations of the GMG, which has committed itself to working with them to ensure they improve going forward.
This aside, it is a welcome report and yet further confirmation of our industry's commitment to increasing openness. To read the GMG's fourth annual report, please click here.
