ASX Industry Information
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There are almost 1850 companies and listed managed investments quoted on the ASX. Many listed companies are by definition small to medium enterprises with less than 200 staff and/or a market capitalisation of less than $100 million. With very limited exceptions all ASX listed companies must meet the same legal and regulatory obligations.
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| | All ASX listed companies must comply with the 28 recommendations set out in the ASX Corporate Governance Guidelines or explain in their annual report “if not why not”.
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| Nova Solutions™ contains a suite of key corporate goverance programs and policies as well as online tools that assist ASX Listed companies comply with their obligations under these guidelines.
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|  | | Principle 7 of the Corporate Governance Guidelines requires ASX Listed companies to implement Risk Management and Internal Control Systems using the Australian Risk Management Standards (AS/NZ 4360) and/or the US COSO publications as a benchmark.
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| Nova Solutions™ Fundamentals provides detailed Risk Management and Internal Control Programs which can be easily tailored to an organisations individual requirements. Nova Solutions™ Assurance makes risk and compliance functions come alive within your organisation.
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| | | Key stakeholders such as Institutional Investors, Analysts, Regulators and Directors & Officers Liability Insurers are now starting to demand evidence of effective risk management and internal control systems.
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| With Nova Solutions™, Risk Management and Internal Controls can be seen, measured, reviewed, improved and defended.
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| | | The Corporations Act, The ASX Listing Rules and the Governance Guidelines provide detailed obligations against which an ASX Listed entity must comply.
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| Nova Solutions™ Assurance comes with detailed compliance checklists to assist your organisation comply with this vast array of obligations. Better still we have translated these obligations into plain english questions to be delivered automatically to responsible individuals via email.
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| | | 90% of disclosure issues raised by the ASX relate to companies outside the top 500. ASX, Analysis of Corporate Governance Practices reported in 2004 Annual Reports.
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| Nova Solutions™ is designed to meet the needs of the smallest of ASX Listed companies, with a price point to match.
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| | News,
White Papers & Useful Links
| Watch this space for the latest news, papers and useful links.
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