New Listing Rules Amendments on Corporate Governance in Hong Kong
By Sammy Li, Catherine Tsang, Christopher Betts and Edwin Kwok
On 28 October 2011, The Stock Exchange of Hong Kong Limited (the Exchange) published conclusions to its 2010 Consultation Paper on Review of the Code on Corporate Governance Practices and Associated Listing Rules. This followed the receipt of 118 submissions from issuers, market practitioners, professional and industry associations, institutional investors and individuals.
The main areas of the conclusions are discussed in this client alert. A table summarizing the amendments to the Rules and the Code, and their implementation dates, is set out at the end of the client alert.