ASX Guidelines for Disclosure on Company Websites - are Australian Listed Companies conforming?
Conway, SL and Wilmshurst, TD and Williams, BR, ASX Guidelines for Disclosure on Company Websites - are Australian Listed Companies conforming?, Conference website, 4-7 December 2010, Charles Sturt University Albury Wodonga EJ (2010) [Non Refereed Conference Paper]
This paper investigates disclosure of corporate governance practices on websites of Australian companies.
Utilising a disclosure index, content analysis was undertaken of the websites of 50 Australian companies to determine the alignment of their disclosure practices with ASX recommendations for disclosure.
The disclosure of corporate governance was generally aligned to ASX recommendations. Interestingly, some companies appeared to make little or no use of their websites.
This study provides an update of disclosure practices on company websites in Australia and indicates the level of disclosure of corporate governance on company websites is not as extensive as the level of disclosure within annual reports. It highlights the need for a greater involvement by the ASX to either encourage reporting recommendations for company websites or alternatively, to review the guidelines to determine relevance to reporting companies.
This is the first study to compare the disclosure of corporate governance on Australian company websites to the ASX guidelines.
Non Refereed Conference Paper
Corporate governance, voluntary disclosure, Australian listed company, ASX guidelines