SIA supports the benefits of flexible reporting

Almost two years after the ASX Corporate Governance Council issued its corporate governance Principles and Recommendations, the Implementation Review Group published its second report on the implementation of the Council’s Principles and Recommendations.

The main observation in the IRG’s second report is that the key message regarding the “if not, why not” approach must be further clarified with listed companies, particularly smaller companies.

“The Council’s flexible approach to introducing best practices for corporate governance in Australia provides the ability for large and small listed companies to apply the principles as appropriate to the nature of their business operations”, says Diane Tate, Senior Manager, Policy & Government Relations of the Securities Institute.

See full Article'>http://www.securities.edu.au/corp_article.asp?assetID=5432&contextID=Home">Article.