ASX Corporate Governance Council Corporate Governance Principles and Recommendations
As previously advised to members (Acting for you June 2018) Governance Institute has lodged a submission on the proposed fourth edition of the ASX Corporate Governance Council Corporate Governance Principles and Recommendations (Principles and Recommendations).
Governance Institute considers the ASX Corporate Governance Council could provide greater elaboration in the document about the 'if not, why not' model. This is important given the expanded level of commentary in the fourth edition compared to the third edition. It is also especially important for smaller listed entities where they may not have the resources to adopt many of the suggested practices in the fourth edition, and instead will have adopted an alternative practice that meets the spirit of the relevant Principle. They can then point to how this approach is supported by the document.