Date Time
Outcomes of review of ASIC Governance
The Government will implement significant changes to the governance of the Australian Securities and Investments Commission as a result of Dr Vivienne Thom AM’s review of ASIC Governance.
On 22 October 2020 the Auditor-General wrote to me bringing to my attention matters that he identified while conducting an audit of ASIC’s annual financial statements.
In response, I commissioned an independent review conducted by Dr Thom which considered:
the processes supporting the approval of remuneration and benefits paid to Executive Office holders, including the trigger points for seeking advice should amounts outside of the Remuneration Determination be considered for approval; and