Market Turnover
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Gender diversity on the board

  • Issuers are required to have at least one director of a different gender on the board. An issuer who fails to comply with this requirement (for example, where the sole director of a different gender resigns) must immediately publish an announcement containing the relevant details and reasons. That issuer must then appoint appropriate member(s) to the board to re-comply with such requirement within three months after failing to meet it.
  • Issuers should continue to assess their own circumstances and needs; and strive to commit to gender diversity targets beyond the required minimum of one.