Hong Kong companies say HKEX is ‘micromanaging’ in its fix for overboarding, governance

Quick Summary:

Wong’s comments represent the strongest pushback by one of the city’s most powerful lobby groups against the HKEX as it collects public feedback until August 16 on its proposal to improve corporate governance.

Singapore has mandated a third of the boards of all publicly traded companies to be composed of INEDs, each for up to nine years, from 2022.

Hong Kong has lagged behind other stock exchanges in tackling its “overboarding” problem.

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Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets: Hong KongMalaysiaOmanSingapore

Topics: Corporate Governance Directors Ineds Wong Hkex Limit Hong Companies Executive Kong

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 08:30:54 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 691 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 32 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 21767176

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