MicroCap Corporate Governance Study Webinar Recording Available
On August 1st, Board Governance Research LLC released a study on “Microcap Board Governance.” The Study examined the governance practices at 160 microcap companies, representing approximately ten percent of all companies with less than $300 million in market capitalization traded on a major U.S. stock exchange.
The study’s key findings included:
Microcaps typically are not young, nor do they feature dual class stock.
Microcap boards are less independent than larger corporations’ boards.
Microcap boards are less gender diverse.
Microcap boards are smaller.
MicroCaps are seldom founder led.
MicroCaps are not controlled by one shareholder.
Director election standards differ.
Microcap directors may have less boardroom experience.
The Investor Responsibility Research Center Institute is a not-for-profit organization headquartered in New York, NY, that provides thought leadership at the intersection of corporate responsibility and the informational needs of investors. More information is available at www.irrcinstitute.org.
Board Governance Research LLC provides independent research on corporate governance practices, board composition, and director demographics. For more information and to see the firm’s research on various corporate governance topics, please visit www.boardgovernanceresearch.com.
Download the full report HERE.