Outgoing AustralianSuper CIO Mark Delaney, ART chair Helen Rowell and TelstraSuper head of equities Dominique d’Avrincourt will join the ASX’s new Advisory Group on Corporate Governance (AGCG) in an “important step in evolving the governance settings for Australia’s listed market”. 
 
The AGCG replaces the ASX Corporate Governance Council (ACGC) and will support the exchange in developing its new set of corporate governance principles and recommendations after the ACGC was previously unable to reach consensus on the proposed fifth edition of those principles.  
 
Former RBA Governor Philip Lowe, who chairs the advisory group, said that it would play a “critical role” in the development of new principles-based corporate governance recommendations for listed companies in Australia.  
 
“This new group will bring considerable expertise and experience in listed entity governance from the perspectives of both issuers and investors,” Lowe said.   
 
“With this group in place, we intend to move swiftly to hold our first meeting in the coming weeks. Together, we will engage broadly, consider the evidence carefully and provide practical, balanced advice that supports strong governance for Australia’s listed market.” 
 
Other appointees include Pru Bennett, Tim Paine, Peter Torre and Nicola Wakefield Evans.  
 
The Association of Superannuation Funds of Australia welcomed the appointments, saying that it was crucial that the perspective of long-term superannuation investors is represented. 
 
“Super funds are the largest shareholding bloc on the ASX, holding one third of local listed equities. That means 17 million Australians with super have a direct stake in the quality of corporate governance across our public equities markets,” said ASFA CEO Mary Delahunty. 
 
“The ASX Advisory Group on Corporate Governance has an important role to play as governance standards evolve. The sector looks forward to engaging in its work through the capable representation of Helen, Mark, and Dominique. All three are respected super industry leaders with extensive governance and investment experience.”