Afternoon market wrap: Australian shares close at new highs

The ASX is looking to modernise eight core corporate governance principles, which include rejigging executive remuneration and board composition, to make them fit-for-purpose in the current environment in which ASX-listed entities operate in.

Rest conducted a survey addressing concerns around the ambiguity of standardised investment options and product labels.

The embattled consulting firm has named a new chief executive, choosing to promote from within after former chief executive Andrew Yates stepped down in June in the wake of the whistleblower scandal.

HSBC Australia and New Zealand have appointed a former Deutsche Bank executive as head of structured finance.