Corporate Governance

In order to promote investor confidence and to assist companies meet stakeholder expectations, the ASX Corporate Governance Council has developed and released corporate governance guidelines for Australian listed entities. 

On 30 June 2010, the ASX Corporate Governance Council released amendments to the 2nd edition of the Corporate Governance Principles and Recommendations in relation to diversity, remuneration, trading policies and briefings.  The Corporate Governance Principles and Recommendations with 2010 Amendments (PDF 1.3MB) (2nd edition, ASX Corporate Governance Council) will apply to listed entities from 1 January 2011.  A marked-up version of the 2nd edition of the Corporate Governance Principles and Recommendations with 2010 Amendments (PDF 1.7MB) is available here.

The first edition, Principles of Good Corporate Governance and Best Practice Recommendations (First Edition Corporate Governance Guidelines) was released in March 2003. 

The second edition, the Corporate Governance Principles and Recommendations (Second Edition Corporate Governance Guidelines) was released in August 2007.  The Second Edition Corporate Governance Guidelines apply to listed entities on and from the commencement of a listed entities financial year for 2008 (1 January 2008 or 1 July 2008).

These documents articulate the core principles that underlie effective corporate governance.  This section covers the following: