Governance and ICRA
As defined by the Australian Stock Exchange Corporate Governance Council (ASXCGC) in its “Corporate Governance Principles and Recommendations with 2010 Amendments”, corporate governance is “the framework of rules, relationships, systems and processes within and by which authority is exercised and controlled in corporations.”
Corporate governance is all about the balance and relationship of different stakeholders involved in the operation of our Institute. It underpins the achievement of the Institute’s Not-for-profit objective and influence the way we set our targets and performance measures.
Effective corporate governance structures encourage companies to create value, through entrepreneurialism, innovation, development and exploration, and provide accountability and control systems commensurate with the risks involved.
The ICRA is not required to report compliance against the CGPR as an unlisted entity. The ICRA adopted, where appropriate, the CGPR as the best practice for self-regulation, and aimed at full compliance with the principles recommended by ASX as long as they are relevant to a professional body.
