HKEx consults on corporate governance code changes

Author: Karry Lai | Published: 23 Nov 2017

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...