Now you are listed… buckle up: Points to ponder for governance professionals in the newly listed environment

  • An IPO marks the end of a long journey to listing, as well as the beginning of a new regime fulfilling the strict governance standards required of listed entities.
  • Company secretaries can ease the transition with forward planning and a thorough understanding of listed-entity governance, in particular the requirements of continuous disclosure.
  • Chess Depositary Instruments issued by foreign entities on ASX are becoming more popular and have unique implications that governance professionals need to be aware of.

man in suit fastening seatbelt

An entity’s first year after admission to the Australian Securities Exchange (ASX) is generally an exciting (and challenging) time. While the team will probably feel like they have just run a marathon to get to the listing ceremony and ring ASX’s bell to signal the start of trading, the initial public offering (IPO) process is just the beginning of the journey. Navigating the world of a listed entity is complex, with the team under more scrutiny than usual from investors, regulators and the media.

While acknowledging that the path to IPO is different for each entity, this article shares a number of observations that apply generally to entities going through the process, irrespective of industry, sector or size.

This article is exclusive to Governance Institute members and subscribers.

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