May 24, 2026, 1:16 AM EDT. Recent reports highlight failures in the Australian Securities Exchange (ASX) governance model, particularly its approach to board independence. Experts Dimitri Burshtein and Peter Swan argue that the current system prioritizes box-ticking over genuine value creation, evidenced by costly acquisitions by major firms like CSL, Orora, and James Hardie. The Australian Council of Superannuation Investors faces calls to reevaluate governance practices amid growing concerns that poor oversight is leading to billions in shareholder value loss. The debate centers on whether Australian companies can curb this trend by adopting more effective board responsibilities and decision-making frameworks.
