Corporate governance standards at Australian companies are getting worse, with a high percentage showing “significant deficiencies” in their boardroom practices, according to a report from accountants WHK Horwath. Less than 16 percent of the country’s 250 largest companies are achieving best practice standards, the firm says.
Among the country’s largest listed companies, 5.6 percent (14 companies) achieved the firm’s lowest possible score of 1 star for corporate governance, on a scale of 1 to 5 stars. This compared with 4 percent (10 companies) last year.
