Killing ASX diversity rules should be start of governance reset
John Wylie’s new “first principles” rulebook should be the starting point for the debate about what best practice corporate governance should now look like.
The ASX Corporate Governance Council’s proposed board diversity reporting rules for listed companies were finally killed off on Thursday.
As The Australian Financial Review revealed last June, the council’s business, investor, and superannuation fund members have been split over the controversial draft fifth edition of the ASX’s corporate governance principles. The draft recommended requiring companies to disclose the personal characteristics of directors beyond gender such as sexuality, age, Indigenous heritage and disability.
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The Australian Financial Review’s succinct take on the principles at stake in major domestic and global stories – and what policy makers should do about them.
