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ARTICLE · 02 APRIL 2009

Corporate Governance Drives Performance

HopgoodGanim
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Corporate governance has recently attracted much attention both in the domestic and international corporate arena and is set once again to receive further scrutiny after the Commonwealth Department of the Treasury released its Working Paper in March 2009.

AustraliaCorporate/Commercial Law
Nicole Radice
Nicole Radice
Kate Williams
Kate Williams
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Treasury Releases Corporate Governance Working Paper

Corporate governance has recently attracted much attention both in the domestic and international corporate arena and is set once again to receive further scrutiny after the Commonwealth Department of the Treasury released its Working Paper in March 2009. The Working Paper examines the relationship between a company's adoption of the ASX Corporate Governance Council's Principles of Good Corporate Governance and Best Practice Recommendations, and its financial performance in the areas of shareholder performance, operating performance and one year sales growth for the top 300 Australian listed companies.

The research undertaken by the authors of the Working Paper, the Treasury's Rebecca Brown and Tue GØrgens from the Australian National University, indicates that companies with good corporate governance not only generally outperform poorly and partially governed companies, particularly in relation to statistics

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