ASX Corporate Governance Council Principles

The ASX Corporate Governance Council was convened by ASX in August 2002. The primary role of the Council is to develop and issue principles-based recommendations on corporate governance practices adopted by ASX listed entities.

To meet stakeholder expectations regarding their governance, the recommendations are intended to boost investor confidence and assist listed entities.




ASX listed entities are required to benchmark their corporate governance practices against Council recommendations, under the Listing Rule 4.10.3, and where they are not compliant to disclose this fact and reasons.

This rule encourages listed organizations to follow the council's recommended practices but does not compel them to do so. It also gives them the flexibility to adopt alternative corporate governance practices. The subject to the Board's need to explain the reasons for adopting those alternative practices, if its board deems them more appropriate for its particular situation.

The current version of the Council's Corporate Governance Principles and Recommendations (4th Edition) was released on 27 February 2019 and takes effect for a listed entity's first full financial year beginning on or after 1 January 2020.

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