The Tasmanian Government is committed to strengthening the respective governance and accountability frameworks of State-owned Companies and Government Business Enterprises. This is a key part of the Government's "plan to strengthen trust in democracy".

The Government has released a number of documents (Governance Framework Guide, Corporate Governance Principles and Guidelines for Tasmanian Government Businesses) to ensure the businesses adopt and maintain best practice corporate governance arrangements.

The Governance Framework Guide provides an overview of the current governance framework for Tasmanian Government businesses. The guide also highlights governance requirements of Government businesses and provides an overview of what makes a Government business different from private sector counterparts.

The Corporate Governance Principles outlines the eight Corporate Governance Principles (developed by the ASX Corporate Governance Council) that underpin best practice corporate governance. The paper provides a general analysis of the principles and discusses how Government businesses could incorporate them into their operations.

A set of guidelines has been prepared to assist Government businesses implement best-practice corporate governance.
Guidelines for Tasmanian Government Businesses.

For further information contact the Shareholder Policy and Markets Branch on 6233 2470 or email: governmentbusinesses@treasury.tas.gov.au