Friday, 14 December 2012

Hong Kong: Exchange proceeds with board diversity amendments

Earlier this year the Hong Kong Stock Exchange published a consultation paper in which it sought views on proposed amendments to the Corporate Governance Code and Corporate Governance Report with regard to board diversity: see here (pdf). The results of the consultation, and the Exchange's proposals, were published this week: see here (pdf). The Exchange is proceeding with amendments which will require, amongst other things, the board (or nomination committee) to have a policy on board diversity which should be disclosed in the corporate governance report. Further information is available in the FAQs published here. The responses to the consultation are available here.

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