![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8L-Teqyohe6ehP6Vby6rusA5VL06bnyMI4RGsZ8mH5megM1FdEW1348JfLYhn5qCXzZMEciGeTTPqVSVtUUPK2N2H_1t8UCWI_c8Iu7n8tnRKdwWjKKO71kDj8ccIN-YkCINFCIxYn2-H/s1600/sl-lgflag.gif)
The
Corporate Affairs Commission has published for consultation a draft corporate governance code: see
here (
pdf). The Code is intended to apply to companies, partnerships, state-owned enterprises, non-governmental organisations and trade unions. It will operate on the basis of 'comply or explain' or, where legislation requires it, 'comply or else'.
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