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ARTICLE · 02 AUGUST 2022

What does good governance look like?

Piper Alderman
Piper Alderman
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Piper Alderman

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Key elements of the recent review that highlighted good governance & reporting.

AustraliaCorporate/Commercial Law
Lis Boyce
Lis Boyce
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The ASX Corporate Governance Council recently released an overview of listed companies' responses to the Fourth Edition Corporate Governance Principles and Recommendations1. The review, conducted by KPMG2, highlights "good governance" and "good reporting" examples and identifies areas where companies are struggling.

The review considered a large sample of reports from calendar year 2021, and focussed on recommendations which were new, or materially amended since the Third Edition.

This article highlights key elements of the report and suggests actions arising.

Principle 1: Lay solid foundations for management and oversight – Recommendation 1.2 (appropriate checks on directors and senior executives)

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