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Audit Committee Institute - Latest Publication

Based on the close links between the UK Combined Code and the Hong Kong Code, the ACI has published examples of UK corporate governance statements that may be of use to Hong Kong listed issuers.

Corporate Governance Reports - Sample UK Combined Code Statements and Compliance Information
January 2006

 

 

Hong Kong Corporate Governance

The Hong Kong Stock Exchange's recently introduced Code provides a detailed approach to various areas of corporate governance in Hong Kong.  The Code replaces the previous Listing Rules related to corporate governance whilst the Rules on the CGR setting out the requirements in respect of the preparation and issuance of a Corporate Governance Report ("CGR") have been introduced by the Exchange.

The Code and the Rules on the CGR are effective for accounting periods commencing on or after 1 January 2005, apart from provisions in the Code relating to internal controls, with some transitional arrangements.

Main Board Corporate Governance Code Provision
January 2005

Main Board Corporate Governance Report
January 2005

GEM Corporate Governance Code Provision

January 2005

 

GEM Corporate Governance Report

January 2005

 

 

Corporate Governance Assessment 

One of the most important challenges for board members is to build a foundation of trust with management, the investment community, regulatory agencies and the public.  With the new Hong Kong Code effective 15 January 2005, one thing remains clear: the responsibility to adopt sound governance practices has been placed on corporate directors and officers.  Please refer to the following publication to learn how KPMG can assist you in addressing corporate governance needs.  Please contact the HKACI at hkaci@kpmg.com.hk with any questions or comments.

Corporate Governance AssessmentTo Top

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