Corporate Governance

OUHK's "Corporate Governance in Action" and "Corporate Governance Reform" TV programme.

ACGA's Snapshot and Library.

HKEx's Code on Corporate Governance can be found at Appendix 14 and 23 of the Listing Rules. See also HKEX's Reports on Corporate Governance Practices Disclosures. Check out who HKEx is censuring recently. For GEM Board's Code, see Appendix 16 of their Listing Rules.

HKICS's Submissions

HKLawSoc's Submissions and Press Release

David Webb's Listing Rules Loopholes. Check out the many Watch Lists on the left-hand side at Webb-site.com. 馮兩努 suggests that if the Chairman/CEO of a listed company appears in the entertainment section of a newspaper or the cover of gossip magazine, SELL!!!!

HKICPA Best Practice Guide on CG

Grant Thornton's CG Review

Hong Kong Institute of Directors:

HKBU's CCGFP

Encyc CoGov

OECD's principles of corporate governance:

I. Ensuring the Basis for an Effective Corporate Governance Framework
II. The Rights of Shareholders and Key Ownership Functions
III. The Equitable Treatment of Shareholders
IV. The Role of Stakeholders in Corporate Governance
V. Disclosure and Transparency
VI. The Responsibilities of the Board

Below is a summary of Hong Kong SCCLR's Corporate Governance Review

Phase I (July 2001)

[7] Voting by directors in relation to directors’ self-dealing

[8] Shareholder approval for connected transactions of significance involving directors

[9] Transactions between directors or connected parties with an associated company

[10] Nomination and election of directors

[11] Role of the independent director

[13] Self-dealing by controlling shareholders

[24] Inconsistencies between the audited financial statements and other financial information contained in the directors’ report and other sections of the annual report

Phase II [June 2003]

[14] The Structure of the Board and the Role of Non-executive Directors

[16] Directors’ Remuneration

[18] Substantial Transactions

[19] The Variation of Class Rights

[22] The Responsibilities, Liabilities and Independence of External Auditors

The companies with the best CGI score (as determined by HKIoD) for the year 2006 are:

•BOC Hong Kong (2388)
•CLP Hldgs(2)
•HKEX　(388)
•HSBC Hldgs(5)
•Hang Seng Bank (11)
•Hysan Development (14)
•Li & Fung (494)
•MTR Corporation (66)
•Shenzhen Express (548)
•Solomon Systech(2878)