Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

ASX Corporate Governance Council

Date 31/03/2003

The ASX Corporate Governance Council today releases its Principles of Good Corporate Governance and Best Practice Recommendations. This document is the product of an intense collaborative process, convened by the Australian Stock Exchange and involving 21 council members and their various constituencies.

The ASX Corporate Governance Council Chair, ASX Executive General Manager, Issuers and Market Integrity, Karen Hamilton, said "I am delighted with the outcome, producing a workable consensus from so many disparate groups represented on the Council. This is a great step forward for governance practices in Australia and a testament to the hard work and commitment of the Council members."

The contributions and support of the Council members is recognised: Association of Superannuation Funds of Australia, Australasian Investor Relations Association, Australian Council of Superannuation Investors, Australian Institute of Company Directors, Australian Institute of Superannuation Trustees, Australian Shareholders' Association, Business Council of Australia, Chartered Secretaries Australia, CPA Australia, Group of 100, Institute of Actuaries of Australia, Institute of Chartered Accountants in Australia, Institute of Internal Auditors Australia, International Banks and Securities Association of Australia, Investment and Financial Services Association, Law Council of Australia, National Institute of Accountants, Property Council of Australia, Securities & Derivatives Industry Association and Securities Institute of Australia.

A website has been established (www.asx.com.au/corporategovernance) enabling access to the document, Principles of Good Corporate Governance and Best Practice Recommendations and to additional supporting guidance. ASX also continues to provide the following telephone and email contact details for the ASX Corporate Governance Council.

Telephone: 1300 300 279
Email: corporategovernance@asx.com.au
Website: www.asx.com.au/corporategovernance