The Stock Exchange of Hong Kong Limited ('HKSE') published two consultation papers, with the first consultation paper focusing on the review of the Corporate Governance Code and Corporate Governance Report, as well as related amendments to the Listing Rules. It is aimed to address certain corporate governance concerns such as the independence of independent non-executive directors (‘INEDs’), overboarding by some INEDs, the responsibility of the nomination committee and board diversity.
HKSE’s second consultation paper is on the proposed changes to documentary requirements relating to listed issuers and other minor rule amendments. It is aimed to simplify and streamline the administrative procedures involved in the submission and collection of documents to enhance procedural efficiency. It also sets out other proposed minor rule amendments and a number of housekeeping rule amendments that involve no change in policy direction.
The consultation period for both consultation papers will end on 8 December 2017. For more details, please refer to the links below: