This page contains resources that listed companies may find helpful in implementing the diversity-based recommendations in the 2010 amendments to the ASX Corporate Governance Council Principles and Recommendations.
Important notice: the information and links to materials on this page (together, "the materials") are provided for educational purposes only and do not constitute advice. You should obtain advice from an appropriate professional adviser before making any decisions based on the materials. ASX Limited ABN 98 008 624 691 and its related bodies corporate (“ASX”) do not give any warranty or representation as to the accuracy, reliability or completeness of the materials (some of which have been prepared or provided by third parties). To the extent permitted by law, ASX and its employees, officers and contractors shall not be liable for any loss or damage arising in any way (including by way of negligence) from or in connection with the materials or from anyone acting or refraining to act in reliance on the materials.
The ASX Group's own policies on diversity can be viewed here.
The Principles and Recommendations
- Corporate Governance Principles and Recommendations with 2010 Amendments
- Marked-up copy of the 2010 amendments
Listed company response to ASX Corporate Governance Council diversity recommendations
ASX Compliance has released an independent report from KPMG on ASX-listed companies' adoption of the ASX Corporate Governance Council's recommendations relating to gender diversity for the period 31 December 2011 to 30 December 2012 - the first full year in which companies were required to comply, on an if not why not basis, with the diversity recommendations.
The report follows on from an earlier report published in July 2012 which looked at 31 December 2011 year-end companies only - being the first group of companies required to comply on an if not why not basis with the diversity recommendations.
ASX: educational events and presentations
- Video: background to ASX Corporate Governance Council gender diversity measures, September 2010 (WMV 38MB 10:17)
- Listing Rule and Corporate Governance Amendments - ASX Corporate Governance Roadshow presentation
- Summary of diversity related changes to the 2nd edition of Principles in June 2010, including changes to commentary
- Legal guidance for listed companies on potential legal issues in implementing diversity measures, Herbert Smith Freehills, September 2010 (updated September 2013)
Useful documents produced by other organisations
- Male Champions of Change: "Accelerating the advancement of women in leadership: Listening, Learning, Leading"
- Male Champions of Change: "Our experiences in elevating the representation of women in leadership: A letter from business leaders"
- Australian Council of Human Rights Agencies guidance: "ASX Corporate Governance Council Diversity Recommendations: Complying with Anti-Discrimination Laws"
- New Corporate Governance Recommendations on diversity: Tips for getting started, AICD July 2010
- Complying with Principle 3: Strategies for Gender Diversity, Women on Boards and Chartered Secretaries Australia, July 2010
- New Corporate Governance Recommendations on Diversity. Early adopter case studies - includes a sample diversity policy
- Good Governance Guide - developing a diversity policy, Chartered Secretaries Australia, 2011
Research cited in ASX Corporate Governance Council Principles and Recommendations (as amended in June 2010)
- The Bottom Line: Corporate Performance and Women’s Representation on Boards, Catalyst, October 2007
- Australia's Hidden Resource "The economic case for increasing female participation" - Goldman Sachs JBWere, November 2009
Other research of interest
- What stops women from reaching the top? Confronting the tough issues - Bain & Company, Chief Executive Women - 2011
- Women Matter: Gender Diversity a corporate performance driver, McKinsey & Company, 2007
- Level the playing field: a call for action on gender parity in Australia - Bain & Company, 2010
- Flexible work models: How to bring sustainability to a 24/7 world - Bain & Company, 2010
- Women at the top of corporations: Making it happen - McKinsey & Company, 2010
- Moving Women to the top: McKinsey global survey results - McKinsey & Company, 2010
A number of organisations have helpful information on their websites regarding diversity.
- Diversity Council Australia
- Australian Institute of Company Directors (board diversity page)
- Equal Opportunity for Women in the Workplace Agency
- Chief Executive Women
- Women on boards
- Chartered Secretaries Australia
- Australian Human Rights Commission (Sex Discrimination)
The following links are provided for informational purposes only to assist listed companies to investigate resources available to them in undertaking diversity-related activities.
Important notice: ASX does not endorse or sponsor, and is not affiliated with, any of the consulting companies or individuals identified below ("consultants"). ASX does not give any warranty or representation as to the accuracy or reliability of the information supplied by the consultants, the suitability of the goods or services provided by the consultants, or the qualifications of the consultants. To the extent permitted by law, ASX and its employees, officers and contractors shall not be liable for any loss or damage arising in any way (including by way of negligence) from or in connection with any information provided or omitted, or from anyone acting or refraining to act in reliance on this information. Listed companies seeking to utilise the services of a diversity consultant should undertake their own research and due diligence before doing so.