HKEx Consults on Review of Corporate Governance Code and Listing Rules
Hong Kong Stock Exchange Consults on Review of Corporate Governance Code and Related Listing Rules
On 3November 2017, the Stock Exchange of Hong Kong (the Exchange) published its Consultation Paper on Review of the Corporate Governance Code and Related Listing Rules (the Consultation Paper) which addresses:
- overboarding and time commitment of Independent non-executive directors (INEDs);
- board diversity;
- INEDs’ independence; and
- the responsibilities of Nomination Committees.
The Exchange also notes that in it will provide guidance in due course encouraging the appointment of INEDs at least two months prior to listing. The consultation period will end on 8December 2017. Read more…