The Australasian Investor Relations Association (AIRA) has issued a Background paper and draft on increasing effective engagement between listed companies and proxy advisers. Tha draft Code has been developed as an initiative aimed at fostering relations in the long term and to head off regulation. The Code is intended to be a voluntary framework to pre-empt the need for any regulatory or legislative intervention. It outlines the way in which proxy firms should engage with listed companies, It should also help to identify any systemic issues that may arise from time-to-time.

The view a copy of the background paper and draft code, please CLICK HERE.

To view the media release, please CLICK HERE.