Models of corporate governance

CONCLUSION
The conclusion for the corporate governance model in Australia can be summarized as follows: Australia has developed a corporate governance model that emphasizes accountability, transparency, and the protection of shareholder rights while considering the interests of various stakeholders. One notable feature is the strong regulatory framework, including the Corporations Act 2001, which sets out the legal requirements for corporate governance. The Australian model promotes independent boards with a mix of executive and non-executive directors, ensuring diverse perspectives and expertise. It also places importance on disclosure and transparency, enabling shareholders and stakeholders to make informed decisions. Another distinctive aspect is the emphasis on stakeholder engagement, recognizing the interests of employees, customers, suppliers, and the wider community. This approach goes beyond shareholder-centric governance and promotes long-term sustainability. Furthermore, the Australian model aligns with responsible investment principles and incorporates environmental, social, and governance (ESG) factors into decision-making, attracting investors who prioritize sustainable and ethical business practices. Overall, the Australian corporate governance model is characterized by its robust regulatory framework, emphasis on shareholder rights, independent board structure, disclosure and transparency, stakeholder engagement, and alignment with responsible investment principles. These factors contribute to a governance system that fosters accountability, transparency, and responsible business practices, ensuring the stability and competitiveness of the Australian business environment.

REFERENCES

https://www.herbertsmithfreehills.com/insights/2016-02/corporate-governance-in-australia-a-snapshot

https://www.lexology.com/library/detail.aspx?g=ae82b9ab-4034-4f1f-a772-520174b9870f

https://ro.uow.edu.au/cgi/viewcontent.cgi?article=2623&context=buspapers