For instance the Australian Corporate Governance Council, which developed the national corporate governance recommendations, was formed and chaired by the ASX. Likewise, the Danish recommendations for corporate governance have been drafted by the Committee on Corporate Governance of the Copenhagen Stock Exchange (now part of NASDAQ OMX). Euronext participated in the Lippens Commission which drafted the Belgian corporate governance code. Similar initiatives by stock exchanges are ongoing – last year, Euronext Lisbon contributed to the work of the Portuguese Institute for Corporate Governance which drafted the proposal for a code currently under consideration. Table 2 summarises the relevant.
