The $\text{'}$if not, why not' approach of the ASX Corporate Governance Council to its recommendations requires companies to:

Select one:

a$.$

Disclose whether they have complied with the principles and recommendations.

b$.$

Have a majority of the board as independent directors.

c$.$

Report to ASIC any breaches by their auditor of the Code of Ethics.

d$.$

Establish an audit committee.