Listed entities are required by ASX Listing Rules to publish an annual corporate governance statement, which discloses the extent to which the entity has followed the Corporate Governance Council Principles and Recommendations. Entities must either comply with the rule or give reasons for not following recommendations.
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What are company directors’ duties and responsibilities?
In general, directors’ duties are set out under the Corporations Act 2001, which governs the way in which companies are run. The board of directors are responsible for a company’s…read more
To what extent are directors liable where they are in breach of their duties?
The Corporations Act provides defences where directors may be in breach of duties, including when they have relied on third-party advice or where a director has made a ‘business judgement’…read more
What is the role of the Australian Institute of Company Directors?
The Australian Institute of Company Directors (AICD) is a not-for-profit membership organisation for directors. The AICD advocates policies on issues of interest to directors and represents members on these issues.read more