The ASX's review considered the annual reports of 168 entities (9% of the total number of listed entities). Key findings included the following:
The review of corporate governance reporting of the annual reports of entities having a 31 December 2008 financial year end demonstrates that compliance with the ASX Listing Rules and the Revised Recommendations is at a relatively high level.
74% of entities reviewed were identified as having reported specifically against the Revised Recommendations. In addition, approximately 14% of entities were identified as being substantially in compliance with the Revised Recommendations and the Listing Rules but did not specifically make reference to the Revised Recommendations. The remaining 12% of entities reviewed were also found to be substantially in compliance with the Listing Rules but reported specifically against the 2003 Recommendations.
On a subjective assessment of corporate governance reporting for each of the 168 entities reviewed, 50 or 29% were described as 'very good', 76 or 45% were described as 'good', 34 or 20% were described as 'satisfactory' and 8 or 5% of entities were described as 'poor' ".
No comments:
Post a Comment