Australia: corporate governance disclosure in annual reports

The Australian Securities Exchange (ASX) has published its yearly analysis of corporate governance disclosure in respect of companies' 2007 annual reports.  ASX reviewed the annual reports of over 1,200 listed companies and found:

Overall reporting levels – the aggregate of adoption of recommended practices and of ‘if not, why not’ reporting – rose slightly in 2007 to 90.5%, up from 90% last year. This is the highest level since ASX began the annual review in 2004. For the top-500 listed entities the overall reporting level was 94%. The overall reporting level for listed trusts was 93%, up from 85% last year".

For an overview click here and for the full report click here.