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ARTICLE · 16 JUNE 2014

New ASX Corporate Governance Principles and Recommendations

Holding Redlich
Holding Redlich
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The third edition of the Principles and Recommendations is not a seismic shift in corporate governance requirements.

AustraliaFinance and Banking
Darren Pereira
Darren Pereira
Michael MacMahon (Formerly With Holding Redlich)
Michael MacMahon (Formerly With Holding Redlich)
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As we reported in October 2013, the new (third) edition of the ASX Corporate Governance Council's Corporate Governance Principles and Recommendations (Principles and Recommendations) will come into effect from 1 July 2014 and will apply for a listed entity's first full financial year commencing on or after 1 July 2014.

The third edition of the Principles and Recommendations is not a seismic shift in the ASX corporate governance requirements. Rather, it is a refinement of the requirements in the aftermath of the GFC. Risk management and reporting on corporate governance remain the key areas for revamped requirements, which is not surprising given high profile governance failures since the second version of the Principles and Recommendations was released back in 2007.

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