DCA has contributed to a joint submission as part of consultation on the 5th Edition of the ASX Corporate Governance Council Principles and Recommendations. The submission was made along with University of Sydney Business School, University of Technology Sydney Business School/Jumbunna Institute for Indigenous Education and Research. Our collective focus in this submission revolves around diversity in leadership, with specific commentary on key questions relating to this.
The Fifth Edition consultation draft emphasises enhancement of board diversity initiatives as one of the key areas being considered to adapt to changing investor and community expectations, fortify corporate governance practices, and enhance transparency for investors.
Update
In February 2025, the ASX Corporate Governance Council’s decided not to introduce its proposed new governance rules. Despite evolving perspectives on diversity and inclusion, maintaining transparency around diversity targets remains a strategic and practical imperative.
Read DCA’s full statement urging the ASX to maintain focus on board diversity here.