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Corporate Governance Council

ASX accepted a leadership role in enhancing Australian corporate governance practices by convening the ASX Corporate Governance Council in August 2002.

The Council brings together various business, shareholder and industry groups, each offering valuable insights and expertise on governance issues from the perspective of their particular stakeholders.  It operates under a charter adopted in November 2012.

Since 2003, the Council has developed and released recommendations on the corporate governance practices to be adopted by ASX listed entities designed to promote investor confidence and to assist listed entities to meet stakeholder expectations.

Under Listing Rule 4.10.3, ASX listed entities are required to benchmark their corporate governance practices against the Council’s recommendations and, where they do not conform, to disclose that fact and the reasons why. The rule effectively encourages listed entities to adopt the Council’s recommended practices but does not force them to do so. It gives a listed entity the flexibility to adopt alternative corporate governance practices, if its board considers those to be more suitable to its particular circumstances, subject to the requirement for the board to explain its reasons for adopting those alternative practices.

The current version of the Council’s Corporate Governance Principles and Recommendations (the Third Edition) was released on 27 March 2014 and took effect for a listed entity's first full financial year commencing on or after 1 July 2014.

Listed entities and other stakeholders may find the following corporate governance materials helpful:

Earlier versions of the Principles and Recommendations are available at: