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The Times

The ASX abandons push to require companies to have a social licence to operate. Was it only ever 'politically correct nonsense'?

  • Written by Thomas Maak, Director, Centre for Workplace Leadership, University of Melbourne
The ASX abandons push to require companies to have a social licence to operate. Was it only ever 'politically correct nonsense'?The concept of a social licence is real, but proved too much for the Australian Securities Exchange.Shutterstock

After months of debate, the Australian Securities Exchange last week dumped a proposal to include reference to a “social licence to operate” in its updated Corporate Governance Guidelines.

It was wrong to do so.

The new...

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