Ownership rights and ASIC's regulatory agenda

A speech by Belinda Gibson, Deputy Chairman, Australian Securities and Investments Commission to the Agency in Capital Markets Ownership Matters Annual Governance Conference, 3 April 2012.


ASIC’s three key priorities

The Commission has three strategic priorities. All our work is focused on advancing our position in one or more of these areas.

The three priorities are:

  • confident and informed investors and financial consumers

  • fair and efficient financial markets, and

  • efficient registration and licensing.

In my presentation today I will discuss a number of our listed company priorities in what I will broadly call ‘governance’:

  • the responsibilities of directors and institutional investors

  • continuous disclosure, and

  • control transactions and equity raisings.

Each of these areas of regulatory interest reflect and support important ownership rights:

  • the right of shareholders to have their company managed in their best interests (corporate governance rules)

  • shareholders’ basic right to know about the affairs of their company and to invest in fair markets (disclosure requirements), and

  • the right to equal, efficient, competitive and informed participation in takeover transactions and equity raisings.

Read the full speech (PDF 89 KB)

Last updated: 03/04/2012 12:00