After six months in development the ASX Corporate Governance Council guidelines have been released. As Company Secretaries will largely be responsible for ensuring that these guidelines are met, CSA will play an important role in assisting organisations meet these new standards. Part of this process for us is to have a better understanding of the current and future costs of corporate governance compliance.

1. (a) Have the costs of corporate governance compliance in your organisation increased in the past two to three years?

Yes
No

(b) If yes can you estimate by how much?

60%

2. (a) Do you expect that the ASX Corporate Governance Council guidelines will increase the time spent on your company’s corporate governance compliance?

Yes
No

(b) If yes, by how much do you estimate it will increase?

- up to 10%
- 10-20%
- 20-30%
- 30-40%
- 40–50%

3. (a) Do you think it will increase the costs of compliance?

Yes
No
Unsure

(b) If yes, by how much do you estimate it will increase?

- up to 10%
- 10-20%
- 20-30%
- 30-40%
- 40–50%

4. (a) Do you feel you currently have the resources (e.g staff, software, IT) to comply with the guidelines?

Yes
No
Unsure

(b) If no, do you expect you will be provided with the necessary additional resources?

Yes
No