The ASX is on track to avoid an embarrassing board spill after influential governance advisory firms backed measures to increase accountability put in place by the market operator in response to a spate of operational lapses.

Recommendations circulated by all three major proxy advisory houses, which help institutional investors decide how to vote at annual shareholder meetings, all urge a vote in favour of the ASX’s executive remuneration plan. Investors delivered a strike against the remuneration report last year, and a second would have paved the way for a vote on a board spill.