This study aims to address two interrelated issues. (1) What is
the role of no‐executive directors (NEDs) of public companies
listed in the Alternative Investment Market (AIM) in the UK?
(2) Whether AIM listed companies accept the principles and
provisions of the Combined Code of Corporate Governance
(CCCG)? And, if so, to what extent?
The findings indicate that the nature of task of NEDs of AMI
listed firms is characterised by multiplicity of tasks and task
variation by the type of chair. This study contributes to fill the
knowledge gap in the literature with regard to the role of
NEDs of SMEs in general and AIM listed companies in the UK