Australia

Details

  • Service: Advisory
  • Type: Business and industry issue
  • Date: 10/04/2014

Rosheen Garnon

Rosheen Garnon
National Managing Partner, Tax

+61 2 9335 7255

rgarnon@kpmg.com.au

Martin Morrow

Martin Morrow
Practice Head, Executive Remuneration

+61 2 9335 7058

mmorrow@kpmg.com.au

ASX Corporate Governance Council Principles & Recommendations on Diversity 2014 

In 2010, the ASX Corporate Governance Council (CGC) introduced changes to it’s Corporate Governance Principles and Recommendations on the reporting of diversity (Diversity Recommendations). All entities across the ASX have now had two reporting seasons to respond to these changes.
ASX Corporate Governance Council Principles & Recommendations on Diversity cover
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ASX Recommendations on Diversity

This series by the ASX and KPMG provides an analysis of the disclosures on diversity made by a selection of listed entities across the ASX.

Building on the inaugural 2013 report, the 2014 report provides an analysis of the disclosures on diversity made by a selection of ASX listed entities with financial years ended between 31 December 2012 and 30 December 2013. It focuses on an analysis of the second full year of reporting and provides for comparisons to be made and trends drawn between the first and second full years of reporting.

The purpose of the research is to assist listed entities understand how their peers are complying with their reporting obligations under the ASX Listing Rules regarding the Diversity Recommendations.

 

Key insights

  • There is evidence that there has been an increased adoption of the Diversity Recommendations following the second full year of reporting.
  • There have been mixed results in relation to the development of measurable objectives among the sample groups analysed.
  • The level of disclosure of women in each of the reporting categories has remained relatively stable compared to last year, with an overall high level of compliance among the groups.

 

 

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