ASX Releases Proposed Amendments to Corporate Governance Guideline

In what will be a relief for some ASX listed entities, the ASX Corporate Governance Council has released details of changes proposed for the Corporate Governance Principles and Recommendations and pushed back the proposed start date by 6 months.

Starting on 1 January 2011, these changes will affect the governance reporting requirements of all ASX-listed entities in relation to:

  • gender diversity;
  • executive remuneration;
  • trading policies especially during ‘blackout’ periods; and
  • analyst briefings.

The ASX’s announcement is in response to well-publicised reports over the last 12 months with respect to executive remuneration, market integrity and gender diversity.

To download a copy of the ASX’s Exposure Draft click here­