There has been a push recently by investors and regulators globally towards annual director elections for listed companies.

The UK Corporate Governance Code requires all directors of listed entities to be subject to annual re-elections on a comply or explain basis.

88% of S&P 500 companies in the United States now hold annual director elections.

Organisations such as ACSI are encouraging listed entities to hold annual director elections on the basis that they drive better accountability.

The Governance Institute is interested in obtaining the views of its members and broader stakeholders on the issue of annual director elections. Would they improve governance in listed entities, or would they undermine board effectiveness?

Please respond to our survey by Friday 6 December 2019


Survey questions

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* 1. Which role do you identify with most right now?

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* 2. Which sector do you work in?

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* 3. Are you a member of Governance Institute of Australia?

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* 4. What do you consider are the benefits of annual director elections for listed companies?

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* 5. What do you consider are the downsides of annual director elections for listed companies?

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* 6. Do you support the introduction of mandatory annual director elections for listed entities by way of changes to the Corporations Act?

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* 7. Do you support the introduction of a reporting requirement on annual director elections on an ‘if not, why not basis’ under the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations.

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