A Recent Noteworthy Development in Relation to Australian Stock Exchange

question 29

Multiple Choice

A recent noteworthy development in relation to Australian Stock Exchange (ASX) -required disclosures is the establishment of the ASX Corporate Governance Council,and the issue of Principles of Good Corporate Governance and Best Practice Recommendations.In relation to these principles:

• A) All companies governed by the Corporations Act 2001 must abide by these principles and recommendations.
• B) The Australian Accounting Standards Board (AASB) has incorporated the principles and recommendations into the Accounting Framework.
• C) All ASX-listed companies are compelled by law to comply in entirety with these principles and recommendations.
• D) All ASX-listed companies are compelled to change their corporate governance systems to ensure total compliance with these principles and recommendations.
• E) All ASX-listed companies must follow these principles and recommendations, and where they have not, they must identify the fact that they have not and give reasons for not following them.

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Definitions:

Epineurium

The outermost layer of connective tissue surrounding a peripheral nerve, providing both protection and support.

Peripheral Nerve

Peripheral nerves are the nerves outside the brain and spinal cord, responsible for relaying information between the central nervous system and the rest of the body.

Fascicles

Bundles of muscle or nerve fibers ensheathed by connective tissue.

Endoneurium

The thin layer of connective tissue that surrounds individual nerve fibers within a nerve.