Introduced by the Australia Securities and Investment Commission (ASIC) in March 2013, the guide addresses the requirements of s 299(1) of the 2001 Corporation Act for listed companies to include relevant information in their directors’ report for shareholders to make an informed assessment of the organization. The aim of the guide is to increase the effective disclosure of OFRs, and it mirrors the Disclosure on Management Approach requirements in GRI’s Framework. It promotes better communication of relevant and meaningful information to investors, and aims to assist directors in understanding and complying with the OFR disclosure requirements.
Industry sectors covered by the instrument
Organizations covered by the instrument
Listed entities and their directors
Type of instrument
Code of conduct or guideline
Mandatory or voluntary
The geographical scope