Stakeholders

Shareholder

primacy:

Is there a need

for change?

A discussion paper

Governance Institute

of Australia

Governance Institute of Australia (Governance Institute) is the only

independent professional association with a sole focus on the practice

of governance. We provide the best education and support for practising

chartered secretaries, governance advisers and risk managers to drive

responsible performance in their organisations.

Our postgraduate education in applied corporate governance and risk

management is unrivalled in its breadth and depth of coverage. It sets the

standard for entry into the profession.

Postgraduate education is also the gateway to membership of the

Governance Institute and the Institute of Chartered Secretaries and

Administrators (ICSA) — leading international associations for

governance practitioners.

Our Certificates in Governance Practice, Governance and Risk Management

and Governance for Not-for-Profits provide skills-based governance

and risk management training, and a qualification for a wide range of

professionals responsible for corporate accountability functions and

processes within an organisation.

Our active membership base of more than 7,000 chartered secretaries,

governance advisers and risk managers ensures that the Governance

Institute is at the cutting edge of knowledge of issues and support of sound

practice in the continuous evolution of governance and risk management.

Copyright

© Governance Institute of Australia Ltd, 2014

i

Background

Governance Institute convened the Governance

Advisory Panel (the Panel) in 2012.

The purpose of the Panel is to assist Governance

Institute to influence the continuing development and

direction of corporate governance policy and practice.

Governance Institute’s mission is to promote and

advance the effective governance of organisations in

the private and public sectors and we believe that the

Panel will play a vital role in supporting that...