The ASX Corporate Governance Council is considering a number of amendments to the second edition of its Corporate Governance Principles and Recommendations.
The Corporate Governance Principles represent an important tool for encouraging companies to achieve excellence in their standards of corporate governance.
In general, the proposed refinements to the Corporate Governance Principles strike the right balance between promoting better corporate governance practices and maintaining the flexibility for companies to operate competitively.
The BCA particularly supports proposed amendments that seek to encourage greater gender diversity in the workplace, including:
- requiring companies to develop a diversity policy, and
- annual reporting on the proportion of women employees at all levels of the organisation.