Apply 'if not why not' against ASX Corporate Governance Council Principles & Recommendations (4th ed)
ASX-listed entities must disclose against 8 Principles + 38 Recommendations annually.
Who must comply
All ASX-listed entities.
What triggers it
Being ASX-listed.
When due
Annual — with annual report.
Evidence required
Corporate Governance Statement, supporting evidence (e.g. board charter, code of conduct, diversity policy).
Max penalty
Non-compliance with Listing Rule attracts ASX disciplinary process + market reputational impact
Summary
ASX Listing Rule 4.10.3 requires listed entities to disclose corporate governance practices against the ASX CGC Principles and Recommendations (4th edition). 'If not, why not' approach — non-adoption requires explanation. Annual disclosure in the annual report or governance statement.
Enforced by
Source legislation
Entity types
Topics
Source: https://www.asx.com.au/asx/research/corporateGovernance.do. Rules Mate is not a law firm. Always verify against the live regulator source before acting.