Which of the following statements is accurate regarding AIM CG code compliance?

The accurate statement regarding AIM CG code compliance is that companies must either comply or explain non-compliance. This reflects the 'comply or explain' principle that underpins the AIM (Alternative Investment Market) Corporate Governance Code. AIM-listed companies are not required to adhere to the code in a rigid manner; instead, they have the flexibility to either comply with its principles or provide a rationale if they choose not to comply. This approach allows for a more tailored governance framework that can accommodate the diverse nature of companies listed on AIM, recognizing that different organizations may have varying governance needs and structures.

The other options convey misunderstandings of the code's application. While all companies listed on AIM should adhere to governance standards, they are not mandated to comply with the code without question. Compliance is not universally mandatory; instead, the alternative of explaining deviations exists to promote transparency. Moreover, the code's applicability is not restricted to large-cap companies; it is designed for a spectrum of listed entities, encouraging all AIM-listed companies, regardless of size, to engage with good governance practices.