Disclosures against the nine new recommendations in the 3rd edition of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations have been examined in a new KPMG report. While there was a high level of adoption and acceptance of the new recommendations, ranging from disclosure of a board skills matrix to directors’ induction programs to the company secretary reporting line, the report shows that disclosures on board skills and sustainability risks have considerable room for improvement.
The government is consulting on proposals for the technology-neutral distribution of meeting materials. Having advocated for this reform for some years, Governance Institute welcomes the proposals.
KPMG released a report examining the disclosures against Recommendation 1.5 on diversity in the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations in the first full year of reporting on the 3rd edition.
Governance professionals are often asked to serve on boards of not-for-profit entities in either a secretary or director role. Sometimes these not-for-profit organisations are in dire need of a change in their structure, outlook and culture.