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Welcome to this month's Listed @ ASX newsletter. This newsletter is intended for Managing Directors, Company Secretaries, senior managers and corporate advisers.

After a short hiatus last month, this bumper issue highlights important changes proposed to Australian indices that could affect your company. We've included two interesting articles on Corporate and Social Responsibility - a hot topic right now, and an update on the 2006 Entrepreneur of the Year Awards (ASX is a proud sponsor). We finish with a snapshot of recent market performance.
S&P and ASX announce Index review

On 18 May 2006, S&P and ASX announced several new index proposals, with full details provided in two new market consultation papers. We would particularly appreciate feedback from our listed companies, as these proposals have been designed to provide you with more flexibility, transparency and/or visibility. Market feedback will be sought until June 14, 2006. Read the full article.
Corporate and Social Responsibility (CSR): fad or management prerequisite?

This article by Laurie Teh, a Melbourne-based Associate at Value Enhancement Management (VEM), cites evidence from a recent VEM survey indicating that implementing CSR reporting could be less onerous than you might think. Read the full article.
The future of online CSR reporting

Susan Werkner, Managing Director of Interactive Investor, reviews key CSR trends and highlights some great local companies' well-executed CSR reporting. Read the full article.
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2006 Entrepreneur Of The Year finalists announced

The 107 entrepreneurs competing for the title of Entrepreneur Of The Year 2006 in Australia's leading business awards program Entrepreneur Of The Year, have been announced.

Since the program started in Australia in 2001, some 417 leading Australian entrepreneurs have been recognized for their entrepreneurial spirit having been assessed by a leading panel of independent judges on their innovation, integrity, influence, strategic direction and national/global impact.

In previous years the program, the only one of its kind with an international platform, has recognized such leading Australian entrepreneurs as Peter Farrell of ResMed Limited, John Rothwell AO of Austal Limited, and David Bussau AM of Opportunity International, Robert Gerard AO of Gerard Corporation, and Tony D'Antonio and Peter Hosking of Global Machinery Company Worldwide.

The Entrepreneur Of The Year program is supported in Australia by the Australian Stock Exchange, Westpac Business Bank and Qantas.  For more information, contact Anthea Guazzelli of Ernst & Young on (02) 9248 4700.
The Australian share market reaches all time high

The market has achieved new record levels in recent months, driven by the performance of the resources sector and strong company profits. There have already been over 60 IPOs this year, with 74% of these companies trading at or above their issue price on 16 May 2006. Read the full article.
Upcoming events

Company orientation sessions
ASX runs company orientation sessions for newly listed companies or new staff at existing listed companies. The seminar covers topics such as continuous disclosure and ongoing compliance issues, how announcements are released to the market, price queries and trading halts. Chief Financial Officers, Company Secretaries, Legal and Investor Relations staff and Company Directors are encouraged to attend. Registrations are essential.

Time/Date: 2:00pm - 5:00pm, Tuesday 23 May 2006
Location: ASX Boardroom, Level 3, 530 Collins Street, Melbourne - Register

2006 AMEC National Congress
7-9 June, Burswood Convention Centre, Perth. A must attend for Financiers, Managing Directors, Company Directors.

Date: 7th-9th June 2006
Location: Burswood Convention Centre & Resort, Perth, WA - Register

Excellence in Upstream Energy 2006 
Resourceful Events together with the ASX, Martin Place Securities and Investec Bank are hosting the 2006 Excellence in Upstream Energy conference. This event brings together companies in the oil and gas industry to present to the investment community - an opportunity for investors and industry executives to meet with Australia's oil and gas companies. Early bird registration until 23rd June is only $450 plus GST.  ASX is proud to sponsor this event.

Time/Date: 8:00am - 6:30pm, 31st July and 1st August 2006
Location: Sofitel Wentworth Hotel, Sydney - Register