Corporate Governance Statement

The Institute of Chartered Accountants in Australia is a leading advocate of high standards of corporate governance. It is committed to best practice through its representation on the Australian Stock Exchange Corporate Governance Council and its efforts to adhere to the highest standards in regulating its own affairs and complying with relevant Commonwealth and state legislation.

The Institute occupies a unique position as a reporting entity. As a not-for-profit membership organisation, its structure does not share the same level of complexity as listed companies. However, in line with its vision to lead the profession, the Institute has adopted rigorous systems of control and accountability as the basis of the administration of corporate governance.

These systems are clearly outlined in the Institute’s supplemental Royal Charter, by-laws, governance manual and code of conduct, which are available at charteredaccountants.com.au.

Where appropriate, the systems follow practices that comply with the revised corporate governance principles and the corresponding best practice recommendations, as developed by the Australian Stock Exchange Corporate Governance Council. During the year, the Institute’s governance committee monitors these systems, and on an annual basis the Board reviews compliance with the principles and recommendations. On the basis of ‘if not, why not’, the Board is satisfied that current practices reflect the council’s expectations.

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