Abstract
Specifies a blueprint for the development and implementation of a generic system of governance suitable for a wide range of entities.
Scope
This Standard provides a blueprint for the development and implementation of a generic system of governance suitable for a wide range of entities.
NOTES:
1 The roles of board members are discussed in Appendix A.
2 Ethical values underlying good governance principles are discussed in Appendix B.
Application
This document is intended to apply to:
(a) Public companies.
(b) Private companies.
(c) Government entities (with governing boards).
(d) Trustee companies.
(e) Not-for-profit organizations.
NOTE: Refer to Appendix C.
Whilst some aspects of the Standard may be impracticable to all entities (especially small
private entities) the principles represent standards to which all should aspire (refer
Appendix B).
NOTE: In some instances, the terminology used within this Standard may require adaptation to
suit the circumstances or structure of the particular entity. For example, terms such as ‘boards’, ‘directors’, ‘shareholders’, etc. should be taken to mean the equivalent term in the user entity.
History
First published as AS 8000-2003.