Monday June 17 2024
News Source: Global Exchanges
Focus: Stock Exchange Corporate Governance
Type: General
Country: Hong Kong
On 14th June 2024, the Hong Kong Exchanges and Clearing Limited (HKEX) published a consultation paper outlining proposed enhancements to the Corporate Governance Code and related Listing Rules.
Key proposals include:
- Board effectiveness improvements
- Strengthening board independence
- Promoting diversity
- Enhancing risk management and internal controls
- Better capital management
The proposed amendments will apply to corporate governance reports for financial years commencing on or after 1 January 2025, with a three-year transition period for the proposals on over boarding and Long Serving INEDs.
Click on the above link for further information
