Enhanced HKEX Corporate Governance Code Requirements slated for 2019
2019 will see new HKEx Listing Rules strengthening the corporate governance standards of HKEX listed issuers, covering tightened rules on the director nomination and election process and INED independence criteria, promoting board diversity and requiring transparency of issuers’ dividend policies. HKEX listed companies will need to disclose why an INED holding seven or more board seats would be able to devote sufficient time to their INED role.