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Another trend to watch is the increasing use of **technology** in corporate governance. Technology is transforming the way companies operate, and it's also creating new opportunities and challenges for corporate governance. For example, blockchain technology could be used to improve the transparency and security of shareholder voting, while artificial intelligence could help companies to identify and manage risks more effectively. However, technology also brings new risks, such as cyber security threats and data privacy concerns. IOSCO is likely to be focusing on how to harness the benefits of technology while mitigating the risks, and we can expect to see more guidance and best practices in this area. The composition and diversity of boards will also continue to be a hot topic. As mentioned earlier, IOSCO emphasizes the importance of having diverse boards, and there's a growing recognition in Australia that boards need to reflect the diversity of the community. We can expect to see continued pressure on companies to increase the representation of women and other underrepresented groups on their boards. This may involve setting targets, implementing quotas, or adopting other measures to promote diversity. Finally, the role of **shareholders** in corporate governance is likely to become even more important. Shareholders are increasingly active in holding companies accountable for their performance and behavior, and they're using their voting rights and engagement strategies to influence corporate decisions. IOSCO has emphasized the importance of shareholder rights and engagement, and we can expect to see this trend continue in Australia. Companies will need to be prepared to engage with their shareholders constructively and respond to their concerns.
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