The role of regulators and impact of corporate governance on the performance of Australian-listed companies: Legal analysis

This paper addresses the regulatory role and impact of corporate governance on the performance of Australian-listed companies. The research problem concerns understanding how regulatory bodies like the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA), supported by statutes like the Corporations Act 2001 (Act 2001) and the Financial Accountability Regime Act 2023 (FAR Act) influence corporate governance and company performance. The purpose of this research is to explore the correlation between governance practices and firm performance within the Australian legal framework. A doctrinal research methodology was used to examine statutory advancements, the roles of regulatory bodies, and corporate governance principles. The findings indicate that robust governance protocols and stringent regulatory enforcement foster investor trust, protect shareholder rights, and ensure legal compliance (Wilmart, 2007). This paper concludes that a synergistic approach combining self-regulation with statutory oversight is essential for maintaining financial market integrity and enhancing corporate performance (Schaeken Willemaers, 2014). This paper contributes to the legal analysis of regulatory frameworks, corporate governance, and their impact on the stability and performance of Australian-listed companies, fostering a competitive and trustworthy market environment.