New Consultation on ASX Corporate Governance Principles and Recommendations

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The ASX Corporate Governance Council (the “Council”) is consulting on proposals to update and issue a fourth edition of its Corporate Governance Principles and Recommendations (the “Principles and Recommendations”). The closing date for submissions is Friday 27 July 2018. While the standards of corporate governance in Australia remain high by international standards, the Council recognises […]

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ASX outlines new features and timetable for DLT system to replace CHESS

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The ASX has released a consultation paper outlining the planned new features and timetable for replacing CHESS with a distributed ledger technology (DLT) solution as the post-trade infrastructure for Australia’s equity market. The consultation seeks feedback on the timing, testing and transition arrangements for the new system, and on the new business requirements captured in […]

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ASX selects distributed ledger technology to replace CHESS

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ASX has announced its intention to replace CHESS using distributed ledger technology (DLT) developed by its technology partner Digital Asset (DA). CHESS (Clearing House Electronic Subregister System) is the system used by ASX to record shareholdings and manage the clearing and settlement of equity transactions in Australia. It was world-leading when introduced in the 1990s, […]

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Call to increase gender diversity for ASX 200 Boards as 30% Club marks two-year anniversary in Australia

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Increased gender diversity on boards leads to better performance for corporates, not only from a pure financial sense but also in terms of managing key indicators of longer term wealth creation like customer satisfaction, and building a robust employee and corporate culture. However, despite the evidence, there are 13 Boards in the ASX 200 that […]

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The changing face of the Australian retail investor – ASX Australian Investor Study 2017

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More than one in three adults in Australia have investments in shares or other ‘on-exchange investments’ outside of institutional superannuation, beating investment property and cash savings as the most popular retail investment choice, according to the latest Australian Investor Study. ASX’s 2017 study, the 16th in a series begun in 1986, was prepared by Deloitte […]

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Robert Priestley appointed to the ASX Board

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The Board of ASX Limited (ASX) has announced the appointment of Rob Priestley as a non-executive director effective yesterday. Mr Priestley will stand for election at ASX’s Annual General Meeting on 26 September 2017. At ASX’s 2016 AGM, ASX Chairman Rick Holliday-Smith foreshadowed that the Board would appoint an additional non-executive director following the appointment of […]

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Cyber health check for ASX 100 companies

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ASX and ASIC have invited the 100 largest ASX-listed companies to participate in the ASX 100 Cyber Health Check, a survey to benchmark the levels of cyber security awareness, capability and preparedness within Australian business. Participation by companies is voluntary, with responses sought by mid-December 2016. Companies that participate will receive a confidential report benchmarking […]

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ASX appoints Dominic Stevens as Managing Director

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ASX Limited has announced the ASX Board has appointed Mr Dominic Stevens as its Managing Director and CEO (‘CEO’). He took up his role yesterday. This appointment follows a comprehensive selection process undertaken by the ASX Board with the assistance of a search firm. Mr Stevens joined ASX as an independent non-executive director in December 2013. He has served on […]

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Macquarie online trading now offering mFund Settlement Service

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Macquarie Online Trading is now offering the mFund Settlement Service, bringing the total number of mFund distribution partners to 13. Ian Irvine, Head of Customer and Business Development at ASX, said the inclusion of Macquarie Online Trading will extend access to mFunds to a wider group of investors and financial advisers. “We’re very pleased to […]

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UBS joins mFund service

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UBS Securities Australia has this month joined the mFund Settlement Service. This strengthens the distribution capabilities of mFund through UBS’s extensive network of broker, adviser and investor channels. The addition of UBS takes the number of partners connected to 11 distributors, 10 issuers representing 75 funds and 22 fund managers, and 9 registrar service providers. […]

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