Castledine Gregory Law and Mediation

ASX Corporate Governance Principles show increased focus on risk management

Content

The ASX Corporate Governance Council’s Principles and Recommendations (3rd Edition), released on 27 March 2014 (effective 1 July 2014), demonstrate an increased focus on risk management as critical to effective governance, including through internal auditing and the management of environmental, social sustainability and economic risks. This presents both a challenge and an opportunity for listed companies seeking to distinguish themselves in the market. It also provides useful guidance for other entities and authorities who use these Principles and Recommendations to guide their corporate governance practices.

 

The Principles and Recommendations can be viewed at this link: http://www.asx.com.au/documents/asx-compliance/cgc-principles-and-recommendations-3rd-edn.pdf