ASX provides further information on its major rewrite to the Listing Rules and Guidance Notes, due to take effect on 1 December 2019. Additional changes to Guidance Note 9 will take effect on 1 January 2020 to coincide with the Fourth Edition of the Corporate Governance Principles and Recommendations.
Following a public consultation process that was held between May and July 2018, the ASX Corporate Governance Council released the fourth edition of the ASX Corporate Governance Principles and Recommendations in February 2019. A national roadshow was conducted in the first half of May 2019 to explain the changes in the fourth edition.
Generating financial value is the key for any successful business, but generating sustainable value is still largely aspirational despite global movements to include more than the balance sheet when valuing a business or investments.
‘Blowing the whistle’ – after a lengthy consultation phase, the draft Treasury Laws Amendment (Enhancing Whistleblower Protections) Bill 2017 (Cth) (Bill) is currently before Parliament having gone through two readings. The aim of the Bill is to create a comprehensive and concise whistleblower protection regime within the Corporations Act 2001 (Cth) (Corporations Act) that extends to the private sector and, in particular, to the corporate, financial and credit industries. Is your corporation, and more importantly are your staff, ready for the changes?
In a global marketplace, businesses risk reputational damage and losing consumer conﬁdence and market share if they are found to have modern slavery practices within their business or supply chains. But there are some simple steps that can help business prepare for the passage of the Australian modern slavery legislation.