Australia: ASX Corporate Governance Principles and Recommendations - proposed changes

The Australian Stock Exchange has published a communique in which it sets out a proposal to amend the Corporate Governance Principles and Recommendations to require listed companies, on a comply or explain basis, to adopt and disclose a diversity policy which includes measurable objectives relating to gender. This will require, inter alia, companies to disclose the number of women employees in the whole company, in senior management and on the board.