Purpose: Are the explanations that companies provide when deviating from two board structure-related best practices under the Australian Stock Exchange’s “If not, why not” regulatory regime systematically influenced by company characteristics? Design/methodology/approach: Multinomial...

This study investigates whether there is economic rationale for governance of best practices particularly as stipulated in the Australian Stock Exchange's (ASX) corporate governance guidelines. This study extends the findings of the 2006 Horwath Mid-Cap Corporate Governance Report that found...

The introduction of the ASX guidelines and the subsequent introduction of the Listing Rule 12.70 resulted in mandatory audit committees for the top 500 ASX listed companies effective from 1 January 2003. Non-top 500 firms, therefore, do not have to have audit committees as they are not subject...

Purpose – This study aims to examine whether company characteristics determine the structure and composition of a company’s board. In particular, it investigates the three board-design choices that Australian-listed companies make in the context of Australian Stock Exchange (ASX) corporate...