Are Hong Kong companies ready for truly independent boards?

Quick Summary:

HKEX’s proposals to strengthen the independence of corporate boards are a welcome advance but more must be done to improve governance.

With relaxed standards on independence, it is doubtful that these boards’ lack of sufficient oversight was a mere coincidence.

Investor members of the Asian Corporate Governance Association firmly support these proposals.

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Article Details

Author / Journalist: Amar Gill

Category: Business

Markets: Hong KongChina

Topics: Companies Kong Proposals Ready Directors Board Standards Hong Independent Independence Boards

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-11 @ 16:30:09 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 193 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22457125

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About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 18 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 19 minutes ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #42

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