As part of their twice-yearly Small & Mid-Cap Sentiment Index with YouGov, the QCA gathered data on what governance committees smaller quoted companies have.
To do this, YouGov surveyed 141 small & mid-sized quoted companies, and 52 advisory firms in October and November 2020.
The survey found that:
- Nearly all small & mid-caps have remuneration and audit committees
- The majority also have nominations committees
- More than one in ten now have ESG committees
Perhaps the most surprising finding was 11% of companies having an ESG committee. The QCA recently published a research paper along with Henley Business School and investors Downing LLP on ESG in small and mid-caps which you can download a free copy of the research via the link.
For all committee types, small-caps with a market capitalisation of less than £100m were less likely across the board to have any specific committee, reflecting their early stage of development.
Advisory firms (investors, lawyers, accountants, etc) were also asked what they thought small and mid-caps should have. They say that companies should regard Risk Committees as important as Remuneration and Audit Committees, and are less likely to see a Nominations Committee as necessary:
To download the Research Report please click here.