Report: Adoption By ASX-Listed Companies Of The ASX Corporate Governance Principles And Recommendations On Diversity - Report Finds Majority Of Australia’s Listed Companies Adopt Gender Diversity Policy

The majority of Australia’s listed companies now have a gender diversity policy in place or plan to implement one, according to the findings of an independent report released by ASX today. 

The ASX-commissioned report was conducted by KPMG and analysed compliance by 600 ASX-listed companies with the ASX Corporate Governance Council’s gender diversity Principles and Recommendations (the recommendations), which were introduced in 2011. 

The Council’s recommendations provide listed companies with a reporting framework for gender diversity. It is not mandatory to follow the recommendations but ASX requires listed companies to disclose in their annual report the extent to which they have followed them during the reporting period. Where companies have not followed all of the recommendations, they must provide an explanation as to why (‘if not, why not’ reporting). 

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