ASX Principle 7 Compliance

ASX Principle 7 Compliance

KPMG works with a range of listed entities, assisting them to achieve meaningful disclosure under the revised ASX Principle 7.

KPMG assists entities to achieve meaningful disclosure under the revised ASX Principle 7.

Managing and recognising risk under the ASX Corporate Governance Principles has become a new challenge for listed companies.

The Australian Securities Exchange's Principles of Good Corporate Governance were revised in 2007.

In particular, listed entities must decide whether to comply with the important revised Principle 7 — Recognise and Manage Risk — and the consequences of this decision. Compliance is optional, but failure to comply may alienate important stakeholders.

Principle 7 requires companies to make an informed disclosure about their management of material business risks, including ‘sustainability’ risks.

How we can help

KPMG works with a range of listed entities, assisting them to achieve meaningful disclosure under the revised ASX Principle 7. Our experienced risk and governance professionals help clients to:

  • define material business risks 
  • learn how to identify and analyse these risks 
  • ascertain the ‘reasonable expectations’ of stakeholders
  • develop systems to manage business risks and attest to the effectiveness of this management 
  • design or analyse reports from management on the management of business risks.

We also assist with drafting sign-off documents, testing control frameworks, documenting the risk and control process, developing gap analysis and action plans and designing self-assessment controls.

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Internal Audit, Risk & Control Services

KPMG can help clients develop an effective audit & control environment.

 
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