Print this page

Risk oversight

Risk identification and management are core responsibilities of directors. This includes the identification and management of emerging risks, which may arise as a result of innovation such as technological and market changes.

James Shipton, ASIC Chair, Keynote address AICD Essential Director Update, 2 October 2019	Launch of ASIC’s report on director and officer oversight of non-financial risk
Cathie Armour and Sean Hughes, Commissioners, February – March 2019, speech at ANU Climate update	Dealing with climate change risk
John Price, Commissioner, November 2018, Speech to the FINSIA ‘the Regulator’ panel event, Melbourne	ASIC’s enhanced supervisory approach, including its focus on director and officer oversight of risk
John Price, Commissioner, June 2018, Speech to the Centre for Policy Development: Financing a Sustainable Economy event, Sydney	Climate change – strong and effective corporate governance and disclosure of climate risk
Greg Medcraft, Chairman, March 2016, Speech at the ASIC Annual Forum, Sydney	Culture Shock
John Price, Commissioner, September 2015, Speech to Deloitte Australia, Melbourne	Challenges for our capital markets
John Price, Commissioner, November 2014, Speech to the Asia-Pacific Resources Conference	Monitoring the activities of companies in Australia

REP 631 Corporate Governance Taskforce: Director and officer oversight of non‑financial risk report	This report sets out our observations on director and officer oversight of non-financial risk. The report considers how directors and officers of large and complex financial services companies are discharging their duties in relation to oversight and monitoring of non-financial risk, and to highlight ways that governance practices could be improved.
REP 555 Cyber resilience of firms in Australia's financial markets	This report raises awareness of cyber risks and highlights existing good practices and areas for improvement.

What's new

ASIC calls on Australian CEOs to review whistleblower policies

13 October 2021

ASIC has written to CEOs of public companies, large proprietary companies and trustees of registrable superannuation entities urging them to review their whistleblower policies to ensure they comply with the law.

ASIC to further extend financial reporting deadlines for listed and unlisted entities and amends ‘no action’ position for AGMs

13 May 2020

ASIC will extend the deadline for both listed and unlisted entities to lodge financial reports under Chapters 2M and 7 of the Corporations Act by one month for certain balance dates up to and including 7 July 2020 balance dates.

Reminders on director trading during COVID-19

7 May 2020

Considerations for directors (including directors of the responsible entity of a listed managed investment scheme) regarding the acquisition and disposal of securities and other financial products issued by their listed entity.

ASIC guidelines for investor meetings using virtual technology

6 May 2020

On 6 May 2020, temporary modifications to the Corporations Act under the Corporations (Coronavirus Economic Response) Determination (No. 1) 2020 (Determination) took effect. Read more.

Directors duties in the context of COVID-19

20 April 2020

The current evolving circumstances surrounding COVID-19 present many challenges to companies, boards, management and their stakeholders. Read this article by Commissioner John Price.

Details of changes to ASIC regulatory work and priorities in light of COVID-19

14 April 2020

ASIC’s Close and Continuous Monitoring program has been suspended. However, ASIC will continue to monitor firms remotely, including through close working and information sharing arrangements with APRA.

Last updated: 30/03/2021 09:25