ASX releases review of corporate governance reporting

The ASX has released its review of the corporate governance reporting in the annual reports and relevant website sections of 1,294 listed companies and 77 listed trusts – 1,371 listed entities in total – that reported with a 30 June 2006 balance date. This number represents approximately 71% of all listed entities at that date.

The latest review by the Australian Securities Exchange (ASX) of reporting against the ASX Corporate Governance Council’s Principles and Recommendations shows that listed entities have continued to improve their corporate governance reporting.

The overall reporting level for listed companies – the aggregate of adoption of recommended practices and of ‘if not, why not’ reporting – was higher in 2006 (90%) than in either of the two previous years ASX has conducted the review (2005 – 88% and 2004 – 84%).

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