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The ASX principles focus specifically on the governance of listed public companies. If you look up the principles on the ASX site, you will note

The ASX principles focus specifically on the governance of listed public companies. If you look up the principles on the ASX site, you will note that the principles are guidelines as to best practice, they are not mandatory rules. The ASX adopts the approach of "if not, why not", that is, listed companies need to report on their adoption of the principles, and if they are not adopted, to explain why not.

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