Balancing Act - the Tightrope of Corporate Governance Reform
- Chartered Secretaries Australia
- Publication Type:
- Journal Article
- Keeping Good Companies, 2007, 59 (11), pp. 648 - 653
- Issue Date:
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Over the last five years, corporate governance has proved an insistent issue in the boardrooms of Australia. In March 2003, the Australian Stock Exchange (ASX) Corporate Governance Council launched its Principles of Good Corporate Governance and Best Practice Recommendations (the guidelines). The following year amendments to the Corporations Act 2001 came into force, designed to improve corporate accountability and auditing practices. In annual reports for 2004-2005, Australian corporations were asked to disclose more information about their corporate governance practices than ever before. This prompted a review of existing governance structures and procedures against those recommended or required by the new regulation.
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