CME Governance Principles

The BCCM has published the first edition of the CME Governance Principles, incorporating recommendations, guidance and commentary for effective member-focussed governance.

The publication follows an 18-month development and consultation process in partnership with the CME 100 Chairs’ Forum, members and governance experts. The Chairs’ Forum provided important leadership in identifying the need for a distinctive CME governance framework and stewarding a development process to ensure the CME Governance Principles are by and for the sector.

Key features of the CME Governance Principles:

  • voluntary, with the ASX’s ‘if not why not’ approach encouraged for those CMEs that wish to formally adopt the principles.
  • nine principles, consisting of the eight ASX principles adapted for CMEs and one new principle: create, protect and return value to members.
  • 30 recommendations with supporting commentary.
  • Notes for smaller CMEs and co-operatives, to be published in the coming weeks.

The November 2018 Chairs’ Forum will consider the initial sector response to the first edition in order to begin the iterative process of refining the principles and supporting recommendations and commentary.