The Changing Roles And Responsibilities Of Company Boards And Directors

Key Point

* An Australian survey has found that good corporate governance practices can deliver real benefits to a business at a reasonable cost.

The Changing Roles and Responsibilities of Company Boards and Directors is a report produced by the Centre for Corporate Governance of the University of Technology, Sydney. The report is the result of a three-year study into the changing roles and responsibilities of company boards and directors in the wake of the implementation of CLERP 9 and the Australian Securities Exchange Corporate Governance Principles.

This article summarises some of the main points made in the report.

The aims of the research included:

* Determining what changes in board and director structures and practices were made in response to the new corporate governance initiatives.
* Comparing different company experiences of the effort to improve corporate governance.
* Providing a survey of good corporate governance practice in Australia, and relating this to industry and firm characteristics.
* Better understanding the detail of corporate governance structures and behaviour of Australian companies.

See full Article.