Hong Kong: corporate governance practices

Grant Thornton Hong Kong has published its third annual review of corporate governance practices of companies in the Hang Seng Composite Index. According to the report, compliance with the Code on Corporate Governance Practices is improving but there are areas where transparency is lacking. For example, few companies provided information about non-executive director independence. The report also notes that 19% of companies had remuneration committees consisting of only independent non-executive directors. The Hong Kong Stock Exchange published similar research in early 2008: see here.