52 ANZ Annual Report 2009
Corporate Governance 53
Approach to Governance
In relation to corporate governance, the Board seeks to:
embrace principles and practices it considers to be best
be an ‘early adopter’, where possible, by complying before
a published law or recommendation takes effect; and
take an active role in discussions regarding the development
of corporate governance best practice and associated regulation
in Australia and overseas.
Compliance with Corporate Governance Codes
ANZ has equity securities listed on the Australian (ASx) and
New Zealand (NZx) Securities Exchanges and has debt securities
listed on these and other overseas Securities Exchanges. As such,
ANZ must comply with a range of listing and corporate governance
requirements from both Australia and overseas.
As a company listed on the ASx, ANZ is required to disclose how
it has applied the Recommendations contained within the ASx
Corporate Governance Council’s Corporate Governance Principles
and Recommendations (ASx Governance Principles) during the
financial year, explaining any departures from them.
Full details of the location of the references in this statement
(and elsewhere in this Annual Report) which specifically set out
how ANZ applies each Recommendation of the ASx Governance
Principles are contained on www.anz.com >About us > Our company
> Corporate governance.
As an overseas listed issuer on the NZx, ANZ is deemed to comply
with the NZx Listing Rules provided that it remains listed on the
ASx, complies with the ASx Listing Rules and provides the NZx
with all the information and notices that it provides to the ASx.
The ASx Governance Principles may materially differ from the NZx’s
corporate governance rules and the principles of the NZx’s Corporate
Governance Best Practice Code. More information about the
corporate governance rules and principles of the ASx can be found
at www.asx.com.au and, in respect of the NZx, at ww