Progress in ASX Governance being made

The ASX’s new Advisory Group on Corporate Governance (AGCG) has been established.

The AGCG replaces the ASX Corporate Governance Council and will support ASX in developing the Corporate Governance Principles and Recommendations, in line with recommendations accepted by ASX following the independent Review Panel’s Report released on 16 October 2025 (see HERE).

The group is chaired by former RBA governor Philip Lowe.

To the extent that there are any future ASX Governance Principles and Recommendations we trust that the AGCG focusses the governance of listed entities on value creation for shareholders as the primary objective without being overly prescriptive. For example, the current version, still in force, mentions the shareholder 8 times, and remuneration 77 times.

The announcement can be found HERE.