Frequently Asked Questions

What’s involved in preparing a Corporate Governance Statement?

Preparing a Corporate Governance Statement involves detailing how a company complies with corporate governance principles and practices, such as those outlined in the ASX Corporate Governance Council’s Principles and Recommendations. This document is a key part of an ASX-listed company’s annual reporting.

A company secretary plays a central role in gathering and organising information for the statement. They assess how the company aligns with governance recommendations and explain any deviations, providing clear and concise disclosures. The statement covers areas like the composition of the board, risk management frameworks, and policies on diversity and ethics.

To prepare the statement, the company secretary collaborates with the board and management, ensuring all information is accurate and up-to-date. They also verify that the statement meets the ASX Listing Rules and is lodged by the required deadline.

Outsourcing the preparation of a Corporate Governance Statement can save time and ensure compliance. Governance professionals bring expertise in drafting disclosures that meet regulatory standards and reflect the company’s commitment to transparency.

A well-prepared Corporate Governance Statement enhances investor confidence, showcases good governance practices, and supports the company’s reputation in the market.