What is one of the AIM conditions for entry concerning director requirements?

The AIM (Alternative Investment Market) is a sub-market of the London Stock Exchange, designed primarily for smaller companies to gain access to capital while adhering to a lighter regulatory framework than that of the main market. One of the key conditions for a company seeking entry to AIM is related to its board of directors.

The requirement for a minimum of two directors to be qualified addresses the need for governance and oversight within the company. This ensures that there is a level of experience and competence on the board, which is critical for institutional and retail investor confidence. By having qualified directors, AIM-listed companies demonstrate a commitment to good corporate governance practices.

In contrast, the other options do not reflect the specific conditions set by AIM for entry concerning directors. For example, while having a managing director can be beneficial for operational leadership, it's not a strict requirement for AIM entry. Similarly, there is no requirement that directors hold shares in the company or that they must be audited annually as a condition for entry into AIM. These points highlight the importance of the two qualified directors as a foundational requirement for AIM-listed companies.