Submission to ASX on proposed listing rule amendments

In a submission dated 27 May 2010 the Australian Institute of Company Directors provided its response to the Australian Securities Exchange’s Exposure Draft “Listing Rule Amendments- New Requirements for a Remuneration Committee and a Company Trading Policy”. The submission outlines broad support for ASX’s proposed approach in relation to company trading policies, but expresses opposition towards the proposal to mandate remuneration committees comprised entirely of non-executive directors for all companies included in the S&P / ASX 300 Index.

Submission to ASX on proposed listing rule amendments