Articles on ASX

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Australian banks improved their efficiency after the introduction in 2003 of the ASX Principles of Good Corporate Governance, which aimed for improved governance mechanisms and thus better control over bank management. AAP Image/Paul Miller

Good corporate governance is good for banks’ bottom line

Good corporate governance is good for efficiency and profit in banks. But having independent board members and the number of board meetings don't play a role, research shows.
New guidelines tighten requirements for listed entities to report on risks outside financial ones. AAP/Tracey Nearmy

New ASX guidelines to force sustainability reporting

Publicly listed companies will need to disclose exposure to economic, environmental and social sustainability risks for the…
Sixties style - Mad Men characters Roger Sterling and Don Draper still show men how it’s done in business and politics. AAP

Men at the helm – mad, bad and dangerous to know

Labor may have “ditched the witch”, but does the ejection of Julia Gillard from her seat of power close the book on the debate about sexism that she championed and the role of women in leadership? Our…
Dividend washing enables some domestic investors to essentially gain a dividend “twice”. Image sourced from www.shutterstock.com

A frank debate - dividend washing and double dipping

There is currently considerable interest in the practice of “dividend washing”. This refers to the practice of investors being able to trade shares cum-dividend for a period after the ex-dividend date…
Civilians rescue an injured worker after the eight-storey Rana Plaza garment factory collapsed in Dhaka, Bangladesh, on April 24. AAP

Mind the gap: company disclosure discrepancies not sustainable

The recent decision by two Australian retailers to sign an accord protecting suppliers in Bangladesh has highlighted discrepancies in company disclosure of sustainability issues and the need for clearer…
Are high-frequency traders friends or foes of the financial market? AAP

Too fast, too furious? Making sense of high-frequency trading

As the sixth iteration of The Fast and the Furious franchise rolls out in cinemas, a greater speed demon lurks in our financial markets: high-frequency traders (HFTs). While the good guys in Fast 6 are…
The Whitehaven Coal hoax showed changes to continuous disclosure guidelines to address the role of social media and trading halts are needed, but the guidelines are not without their problems. AAP

Continuous disclosure: social media and the two sides to trading halts

In a fragile world and with a particularly fragile share market, Australia’s corporate regulators have seen their role in policing the area of continuous disclosure multiply. Disclosure requirements are…
White, monolingual, male: the make up of many of Australia’s ASX companies fail to reflect our cultural and gender diversity. AAP

To engage with Asia, we must be multicultural in more than name

The recent Ethnic Business Awards were a celebration of entrepreneurship, pioneering and determination and above all the immense contribution that our migrant population has made to a better Australia…
After the High Court case involving ASIC and Fortescue Metals, the ASX has released a Guidance Note that provides more clarification on continuous disclosure for listed companies. AAP

ASX makes a timely revision to continuous disclosure guidelines

Investor confidence is an obvious imperative of corporate legislation. Section 674 of the Corporations Act, which requires disclosure of information concerning securities that is not generally available…
The circumstances surrounding EB Private Equity’s takeover bid for David Jones were highly unusual. AAP

DJs takeover farce highlights issues surrounding continuous disclosure

It’s been an extraordinary week for upmarket retailer David Jones. Last Friday, the company announced that it had received a $1.65 billion takeover bid from UK firm EB Private Equity, and its shares rose…
Insider trading detection in Australia has evolved, but ASIC still needs a win. AAP

Hanlong insider trading case will test ASIC’s resolve

Five senior executives of the Chinese-owned investor Hanlong Mining have had assets frozen after the Australian Securities and Investments Commission (ASIC) launched an investigation into alleged insider…

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