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Ranking Corporate Governance of Australia's Top Companies: A Decade On

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  • Jim Psaros
  • Michael Seamer

Abstract

type="main"> The Horwath/University of Newcastle (UoN) Corporate Governance Reports commenced in 2002 and were among the first to assess Australia's largest companies on their corporate governance structures and policies. Initiated prior to the release of the 2003 Australian Securities Exchange Corporate Governance Council's Principles of Good Corporate Governance and Best Practice Recommendations, and at a time of increased focus on corporate governance failures, the reports attracted much attention from both the media and stakeholder groups. This paper reports the findings of applying the Horwath/UoN methodology to the relevant corporate governance disclosures of the 2012 annual reports of Australia's top 200 companies. Comparison to the original analysis of 2002 annual report disclosures shows a significant improvement across all areas of corporate governance by Australia's top companies. However, there remain some areas of concern, particularly in respect to board diversity, risk management and insider share trading policies.

Suggested Citation

  • Jim Psaros & Michael Seamer, 2015. "Ranking Corporate Governance of Australia's Top Companies: A Decade On," Australian Accounting Review, CPA Australia, vol. 25(4), pages 405-412, December.
    • Handle: RePEc:bla:ausact:v:25:y:2015:i:4:p:405-412
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    File URL: http://hdl.handle.net/10.1111/auar.12088
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    References listed on IDEAS

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    1. Michael Seamer, 2014. "Does Effective Corporate Facilitate Continuous Market Disclosure?," Australian Accounting Review, CPA Australia, vol. 24(2), pages 111-126, June.
    2. Bryan Howieson, 2013. "Quis Auditoret Ipsos Auditores? Can Auditors Be Trusted?," Australian Accounting Review, CPA Australia, vol. 23(4), pages 295-306, December.
    3. Christine Contessotto & Robyn Moroney & Gary Monroe, 2014. "The association between audit committee effectiveness and audit risk," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 54(2), pages 393-418, June.
    4. Gerrit Sarens & Joe Christopher & Mahbub Zaman, 2013. "A Study of the Informal Interactions between Audit Committees and Internal Auditors in Australia," Australian Accounting Review, CPA Australia, vol. 23(4), pages 307-329, December.
    5. Joseph V. Carcello & Terry L. Neal, 2003. "Audit Committee Independence and Disclosure: choice for financially distressed firms," Corporate Governance: An International Review, Wiley Blackwell, vol. 11(4), pages 289-299, October.
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    1. Christofer Adrian & Sue Wright, 2020. "Perceptions of shareholders and directors on corporate governance: what we learn about director primacy," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 60(S1), pages 1209-1236, April.
    2. A. Chandrakumara & G. McCarthy & J. Glynn, 2018. "Exploring the Board Structures and Member Profiles of Top ASX Companies in Australia: An Industry†level Analysis," Australian Accounting Review, CPA Australia, vol. 28(2), pages 220-234, June.

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