The Stock Exchange of Hong Kong is consulting on proposed
changes to Hong Kong’s corporate governance code
and related listing rules until December 8. These proposed
changes focus on improving board diversity and the
independence of independent non-executive directors (INEDs).
Market participants believe the changes are "relatively mild"
and are in line with the gradual shift Hong Kong is taking to
improve corporate governance of listed companies.
The proposal aims to enhance the transparency and
accountability of the nomination and election of INEDs; improve
transparency of INEDs’ relationship with issuers;
strengthen the independence criteria in assessing INED...