New ASX rules apply to December statements

New ASX Corporate Governance rules will apply to December 31, 2020, financial statements of all ASX listed entities, including foreign entities. They must include in their annual report either a Corporate Governance Statement or a URL of the page on its website where a Corporate Governance Statement can be found. The Corporate Governance Statement must disclose the extent to which the entity has followed the recommendations of the ASX Corporate Governance Council during the reporting period on an ‘if not, why not’ basis. The key changes include KPI targets for gender, age, ethnicity, and background diversity; new ethical and value disclosure recommendations; disclosure of environmental and climate change risks; and more. The fourth edition of the ASX Corporate Governance requirements can be found at asx.com.au.