Asx describes corporate governance the framework rules
Other meaning of corporate governance, ASX describes corporate governance is “the framework of rules, relationships, systems and processes within and by which authority is exercised and controlled within corporations. It encompasses the mechanisms by which companies, and those in control, are held to account”.
The purpose of corporate governance is to support value creation and accountable management, and contribute to the long-term success of companies. The recommendations aim to ensure confidence in companies through the provision of timely information as well as transparency. The basic philosophy is that it should be attractive to invest in companies. Corporate governance inspiring economic value creation makes it easier for companies to acquire capital, which in turn reduces the costs of companies.
Examples of corporate governance recommendation relating to the company
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