Friday August 16 2013
News Source: Global Exchanges
Focus: Listing Rules
Type: General
Country: Australia
Link: http://www.asxgroup.com.au/media/PDFs/ASX_CGC_Media_Release_16_Aug_2013.pdf
ASX has issued a consultation paper seeking comments on a number of proposed governance-related amendments to its Listing Rules and proposed changes to Guidance Note 9: Disclosure of Corporate Governance Practices.
ASX is proposing to amend Listing Rules 1.1 including Condition 13, 4.7, 4.10 and 12.7, to introduce a definition of “corporate governance statement” in Listing Rule 19.12 and to insert a new Appendix 4G into the Listing Rules. The Exchange is also planning to introduce a new listing rule 3.19B which will require disclosure of on-market purchases of securities on behalf of employees or directors or their related parties under an employee incentive scheme
These rule changes are proposed to come into effect on 1 July 2014.
Comments must be received by ASX before 15th November 2013 to the following email address: mavis.tan@asx.com.au.
Click on the above link for more details.