Corporate Governance Disclosure in Australia: the State of Play

Abstract

Corporate governance has been proposed as a general prescription to remedy the excesses of the 1980s. The Australian Stock Exchange has embraced this view and has imposed a new listing rule, applying from 30 June 1996. This study examines the current level of corporate governance disclosure in light of advance warning of this listing rule in September 1994 and international best practice. Factors which influence levels of voluntary corporate governance disclosure, such as size, auditor and overseas listing, are also examined.