Australian bourse operator ASX jumps after appointments to its corporate governance advisory group

PHOTO: REUTERSAUSTRALIA’S ASX appointed seven members to its newly constituted advisory group on corporate governance on Thursday, in line with the independent review panel’s recommendations accepted by the bourse operator in October. Shares of the company rose as much as 5.5 per cent to A$56.40, their highest level since Dec 12. ASX in November appointed Philip Lowe, the former governor of the Reserve Bank of Australia, as the chair of its newly formed Advisory Group on Corporate Governance, or AGCG. The appointments include members that bring deep expertise and global perspectives on listed entity governance, investment, superannuation, markets and stakeholder engagement, ASX said in the statement. The Australian Securities Exchange’s newly formed AGCG replaces the ASX Corporate Governance Council and will oversee the development and approval of ASX governance principles and recommendations.