The ASX Corporate Governance Council will kill proposed new rules for listed companies which include personal disclosures by directors on diversity, after close to half of the 19 members including the ASX voted not to proceed.

Council members, which include business, investor and superannuation groups, were asked on Monday to respond to revised rules by Tuesday after a crisis meeting on Friday failed to break a two-plus year deadlock. The changes have split the council on a range of fronts including contentious changes on diversity reporting, The Australian Financial Review has revealed.