ASX Corporate Governance Council - Corporate Governance Statements: Who Reads Them And Why?

At its meeting in Sydney today the ASX Corporate Governance Council discussed and released key findings of a survey aimed at understanding the relevance of corporate governance disclosure to the investment and analyst community.

The ‘user survey’, conducted late last year, found a large majority of respondents - private investors and organisations/professionals - do use corporate governance information in analysing or reviewing their investments. Respondents named BHP Billiton, Wesfarmers, Westpac, ANZ and Woolworths as companies whose annual reports contained good corporate governance reporting.

When prompted to suggest ways in which corporate governance reporting could be improved, investors suggested greater clarity of reporting about remuneration, and the provision of information about board members’ experience and affiliations.

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