0
  • DE
  • EN
  • FR
  • International Database and Gallery of Structures

Advertisement

The Corporate Governance of Australian Listed Construction Companies

Author(s):

Medium: journal article
Language(s): English
Published in: Australasian Journal of Construction Economics and Building, , n. 2, v. 9
Page(s): 7-16
DOI: 10.5130/ajceb.v9i2.3017
Abstract:

This paper compares the compliance level of Australian StockExchange (ASX) listed construction and non-constructioncompanies with the ASX Corporate Governance Council (CGC)recommendations on sound corporate governance. It alsoexamines the difference in board characteristics between thetwo groups, paying particular attention to differences in boardindependence. It concludes that compared with the top 20 ASXlisted non-construction companies, listed construction companiesare less compliant overall particularly with regards to boardstructure, and have lower levels of independence both in terms ofCEO/Chairperson duality, the ratio of executive to non-executiveindependent directors and independent membership of nomination,remuneration and audit committees. These conclusions areimportant because sound corporate governance has beenassociated with higher levels of organisational resilience derivedfrom the reputational and fi nancial benefi ts of greater transparency,market value, investor attractiveness and organisationalperformance.

Structurae cannot make the full text of this publication available at this time. The full text can be accessed through the publisher via the DOI: 10.5130/ajceb.v9i2.3017.
  • About this
    data sheet
  • Reference-ID
    10338696
  • Published on:
    05/08/2019
  • Last updated on:
    05/08/2019
 
Structurae cooperates with
International Association for Bridge and Structural Engineering (IABSE)
e-mosty Magazine
e-BrIM Magazine