A practical guide to reporting against ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations
Recommendation 7.4 of the new ASX Corporate Governance Council’s Principles encourages entities for the first time to consider and report upon any material exposure to climate change risk. This practical new guide helps you to identify and disclose your climate change risks.
You need to understand climate change risks affecting your businesses to remain competitive. With stakeholders more focused than ever before on climate change and sustainability, if you fail to address these issues, the market will pass you by.
Who should read this guide?
Directors, governance and risk professionals, and C-suite executives have a responsibility to their shareholders, employees, and other stakeholders to know the risks their organisations face.
This guidance has been produced by Governance Institute of Australia and the Australasian Investor Relations Association. It reflects the situation as at 1 September 2020. The guidance contains tips for holding a virtual AGM.
From Governance Institute (Australia)
he pandemic has thrown so many new challenges at boards and organisations, demanding massive transformations in business practices.
Overwhelmingly, businesses have risen to the challenge.
The Australian Institute of Company Directors (AICD) and the Governance Institute of Australia have published a new report about the impact of COVID-19 on board practices and insights into the governance challenges in the current climate.
The Governance through a crisis: Learning from COVID-19 report, includes insights from interviews with senior directors, survey responses and feedback from roundtables with governance and risk professionals.
from the Governance Institute (Australia)
The COVID-19 pandemic has impacted companies’ ability to conduct business and highlighted the many shortcomings of the Corporations Act 2001 in an increasingly digital age.
In many locations, restrictions have made it impossible to hold a meeting where shareholders or directors are physically present in the same venue. Executing documents when people are working remotely is another challenge thrown up by COVID-19. There has also been uncertainty about the legality of companies executing documents electronically under the Corporations Act.
Governance Institute has sought counsel’s opinion on issues related to electronic storage and execution of documents and electronic meetings under the Corporations Act to assist our members with answers to many of the questions they have asked us during the pandemic.