Microcap Board Governance

This in-depth analysis of micro-capitalization (microcap) public companies finds that the corporate governance of these companies with less than $300 million in market capitalization differs materially from that of their larger brethren.

Microcap Board Governance, conducted by Board Governance Research LLC examines 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.

Most of these microcaps are not included in major indices and many do not have analysts following their performance. Possibly as a result, microcap governance practices have not received the same level of scrutiny as larger capitalization companies.