Companies Update 04/10


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Exposure Draft dated 22 April 2010 (PDF 120KB)

ASX Consultation Paper dated 4 December 2009 (PDF 121KB)


Companies Update
29 April 2010
Update no 04/10

Important information for ASX Listed Entities

ASX Exposure Draft of Proposed Listing Rule Requirements for a Remuneration Committee and a Company Trading Policy

On 22 April 2010, ASX released an Exposure Draft outlining the proposed amendments to the ASX Listing Rules introducing requirements for:

  • listed entities to adopt and disclose a company trading policy; and
  • the top 300 ASX listed entities to have a remuneration committee that is comprised solely of non-executive directors.

The Exposure Draft reports on the outcomes of public consultation undertaken on the proposed listing rule requirements for a company trading policy, and the revisions made to the proposed rules to take account of the key issues raised in the submissions responding to ASX's Consultation Paper "Listing Rule Amendments - Company Policies on Trading 'Windows' and 'Blackout' Periods", dated 4 December 2009 (PDF 121KB).

Comments are sought in relation to the proposed remuneration committee requirements, and whether the requirement to have a remuneration committee should be extended to the top 500 ASX listed entities, by 31 May 2010.

The Exposure Draft is available on the ASX website (PDF 120KB).

To help keep our Listed Entities informed of information and events ASX will be sending emails to the Company Secretary's Office from time to time. You are receiving this email because you have been identified as a key contact within the Company Secretary's Office at your organisation. If you would like to update your email address please do so via the Directors/Senior Management page on ASX Online for Companies. Feel free to forward this email to any relevant parties within your organisation.