AGM review 2017

AGM review 2017

Lucy Newcombe, Director, Global Corporate Communications, Computershare, takes us on a tour of the 2017 Annual General Meeting (AGM) season, locally and internationally. After several years where shareholder activism has been the major point of change and contention...
Strategies for staying competitive

Strategies for staying competitive

CSj talks to HKSAR Financial Secretary Paul Mo-Po Chan GBM GBS JP FCIS FCS about his aspirations for maintaining Hong Kong’s competitive edge in the rapidly changing political, business and social environment, and about the role that professional practitioners such as...
Trends in ESG reporting: are you prepared?

Trends in ESG reporting: are you prepared?

John Sayer, Director, Carbon Care Asia, highlights the latest trends in environmental, social and governance (ESG) reporting and offers advice on how to ensure you gain first-mover benefits rather than face the catch-up penalties of a laggard. It is clear that ESG...
ESG reporting – Connecting the disconnect for investors

ESG reporting – Connecting the disconnect for investors

Disclosing just performance metrics does not constitute effective environmental, social and governance (ESG) reporting. Dr Glenn Frommer and Theodora Thunder, Principals, Sustainability Partnership, give some practical advice on how companies can structure a connected...
Hacking risks related to internet trading

Hacking risks related to internet trading

Herbert Smith Freehills looks at the latest guidance from the Securities and Futures Commission which sets out minimum standards to enhance cybersecurity resilience and reduce and mitigate hacking risks related to internet trading. On 27 October 2017, the Securities...
Technology governance: the role of the company secretary

Technology governance: the role of the company secretary

CSj examines the key emerging technology issues relevant to Hong Kong businesses and looks at the role of company secretaries in ensuring the effective management of technology risks and opportunities. From hacking to digital payments, technology issues have become...
Rethinking ESG: from compliance to value creation

Rethinking ESG: from compliance to value creation

Alaya Consultings second annual survey of the ESG performance of Hong Kongs top 200 listed companies finds that 99% of the companies surveyed are in compliance with current ESG reporting requirements. The survey also indicates, however, that few companies are getting...
Climate change – not my problem?

Climate change – not my problem?

Company secretaries have a key role in addressing climate risk, argues Maya de Souza, Senior Manager – Policy Research, Business Environment Council Ltd, not only to ensure effective risk management and ESG reporting, but also to future proof the organisations...
Employee rights in Hong Kong

Employee rights in Hong Kong

Compliance professionals need to keep a close eye on the case law relating to labour disputes in Hong Kong. Zoe Chan So Yuen FCS FCIS, solicitor, looks at how the courts in the HKSAR have played an important role in upholding basic employee rights. Hong Kong is often...
New guidance notes

New guidance notes

In July 2016, the Institute set up seven Interest Groups under the Technical Consultation Panel to produce guidance notes on key topics in governance and company secretarial practice. This article reviews the latest additions to the guidance note series. The...
CSj November 2017 (pdf version)

CSj November 2017 (pdf version)

Making sense of technology – the company secretary role Click the cover image below to view or download a pdf of the full edition....
Not for profit: a company secretary perspective

Not for profit: a company secretary perspective

The not-for-profit sector offers a rewarding and increasingly popular career stream for Chartered Secretaries. This month, CSj talks to company secretaries about the rewards and the challenges of working in this sector. In the context of the limited resources...
Pruning the corporate tree in China

Pruning the corporate tree in China

China has always been a challenging place to do business, and this is just as true for the process of rightsizing operations as it is for building a presence in the market. Brent Carlson, Director, Hong Kong, AlixPartners, offers guidance for companies looking to cull...
How sustainable buildings can contribute to the bottom line

How sustainable buildings can contribute to the bottom line

ESG reporting provides transparency on energy use. However, the question remains: how can companies use this information to manage their business and contribute to their success? Anne Jacobs, Senior Expert, Sustainable Construction, BASF, looks at how Chartered...
The future of KYC:  Hong Kong at a crossroads

The future of KYC: Hong Kong at a crossroads

Edmund Lowell, Founder, KYC Chain Ltd, argues that the solution to Hong Kongs current know your customer (KYC) compliance woes is distributed ledger technology and customer-owned digital identity. No one living in Hong Kong could be in any doubt that the methods...
CSj October 2017 (pdf version)

CSj October 2017 (pdf version)

Not for profit: A company secretary perspective Click the cover image below to view or download a pdf of the full...
Forging ahead to achieve our mission 不忘初心,砥砺前行

Forging ahead to achieve our mission 不忘初心,砥砺前行

Kenneth Jiang FCIS FCS(PE), Chief Representative, The Hong Kong Institute of Chartered Secretaries Beijing Representative Office, reviews the work of the Institute on the Mainland in the past year in serving listed companies, promoting corporate governance and...
IPO governance: new guidance

IPO governance: new guidance

A new guidance note, published by the Institute’s Securities Law and Regulation Interest Group, gives practical guidance on IPO due diligence and the role of company secretaries in helping companies to transition from the private to the public realm. The right...
NGO governance

NGO governance

In an interview with CSj, Chua Hoi Wai, Chief Executive, The Hong Kong Council of Social Service, discusses the challenges facing NGO boards in Hong Kong. Many thanks for giving us this interview – could we start by discussing what constitutes good governance for...
Hong Kong Competition Ordinance: so far and what's next?

Hong Kong Competition Ordinance: so far and what's next?

Since the Hong Kong Competition Ordinance took full effect on 14 December 2015, the Competition Commission has gradually shifted to a harder line enforcement style. Alastair Mordaunt, Partner; and Joy Wong, Associate; Freshfields Bruckhaus Deringer, look at the...
ACRU 2017 – your questions answered

ACRU 2017 – your questions answered

The Securities and Futures Commission (SFC) responds to questions raised during the Institute’s latest Annual Corporate and Regulatory Update seminar, held in June this year. How does the SFC identify cases of misleading information disclosure? What standards...
Sanctions compliance – The bare minimum isn’t enough

Sanctions compliance – The bare minimum isn’t enough

Eric Sohn, Director of Business Product, Dow Jones Risk & Compliance, New York, warns against trying to scrape by with a minimal sanctions compliance programme. When faced with sanctions compliance requirements, many firms focus on ‘requirements’ so as to...
Hong Kong's new beneficial ownership regime – an analysis

Hong Kong's new beneficial ownership regime – an analysis

Dr Raymond Chan, Associate Professor; and Dr Angus Young, Senior Lecturer; Hong Kong Baptist University, take a look at Hong Kong’s proposed beneficial ownership regime and its implications for governance professionals. Anti-money laundering (AML) measures are...
CSj August 2017 (pdf version)

CSj August 2017 (pdf version)

Ethical Governance – Keeping companies on track Click the cover image below to view or download a pdf of the full...
How company secretaries can support directors

How company secretaries can support directors

Katherine Ng, Senior Vice-President and Head of Policy, Listing, Hong Kong Exchanges and Clearing Ltd (the Exchange), and a speaker at the Institute’s latest Annual Corporate and Regulatory Update seminar held last month at the Hong Kong Convention and...
Cultivating independence of mind – ACRU 2017 review: part one

Cultivating independence of mind – ACRU 2017 review: part one

The importance of cultivating an independent mindset for both independent non-executive directors and the company secretary emerged as a central theme of this year’s Annual Corporate and Regulatory Update seminar, held last month at the Hong Kong Convention and...
Compliance update – ACRU 2017 review: part two

Compliance update – ACRU 2017 review: part two

CSj highlights the main compliance issues raised by regulators at the Institute’s latest Annual Corporate and Regulatory Update. The Institute’s Annual Corporate and Regulatory Update (ACRU) provides attendees with first-hand knowledge of the emerging...
The future of governance

The future of governance

Since the 1990s, South Africa’s King Reports on Corporate Governance have consistently been at the leading edge of governance best practice. Mervyn King, Chairman of both the King Committee on Corporate Governance in South Africa, and the International...
All hacked out

All hacked out

Gabriela Kennedy, Partner; and Karen HF Lee, Senior Associate; Mayer Brown JSM, assess the latest proposals by the Securities and Futures Commission to reduce hacking risks among licensed corporations. On 8 May 2017, the Hong Kong Securities and Futures Commission...
AML/CTF:  Hong Kong reforms

AML/CTF: Hong Kong reforms

CSj looks at the implications for company secretaries and risk and governance professionals of the government’s latest proposals designed to strengthen Hong Kong’s anti-money laundering and counter-terrorism financing regime. Next year, the Financial...
AML compliance

AML compliance

Dominic Wai, Partner, ONC Lawyers, looks at the role of company secretaries and directors in anti-money laundering compliance. Millions of dollars come into and go out of Hong Kong every day, legitimate or not, as Hong Kong is an international financial centre with no...
A brief introduction to China's Cybersecurity Law

A brief introduction to China's Cybersecurity Law

Cecilia Xianying Lou, Partner; and Mark Guangrui Fu, Managing Associate; of King & Wood Mallesons, give an introduction to China’s Cybersecurity Law which becomes effective this month, and assess the implications of the law for companies with a business...
Future-proofing  sustainable business

Future-proofing sustainable business

Richard Welford, Chairman, CSR Asia, gives his top 10 tips to ‘future-proof’ your business. The world is changing. Challenging economic times, volatile world events, a deteriorating environment, a growing social divide and fast-changing technology are leaving...
Towards an inclusive governance – part two

Towards an inclusive governance – part two

This second and final part of the winning paper of the Institute’s Corporate Governance Paper Competition 2016 completes the authors’ elaboration of their five-stage inclusive stakeholder model of corporate governance. In this article, we advocate an inclusive...
Gender diversity on boards: are quotas the answer?

Gender diversity on boards: are quotas the answer?

Alicia Yi, Managing Director, Board and CEO Services, Korn Ferry, discusses whether quotas will be required to increase the number of women on the boards of Asian listed companies. Asian companies continue to lag the rest of the world when it comes to gender diversity...
CSj June 2017 (pdf version)

CSj June 2017 (pdf version)

AML compliance – Your best practice guide Click the cover image below to view or download a pdf of the full...
Integrated reporting: redrawing the bottom line

Integrated reporting: redrawing the bottom line

Integrated reporting hopes to redraw the corporate bottom line with its measurement of non-financial ‘capitals’. While only a few listed Hong Kong companies have adopted its principles, the International Integrated Reporting Council, under new leader Richard...
Mergers and acquisitions: further guidance for practitioners

Mergers and acquisitions: further guidance for practitioners

The Institute’s Takeovers, Mergers and Acquisitions Interest Group launched a new series of guidance notes earlier this year designed to help company secretaries navigate the complexities involved in managing and advising on merger and acquisition (M&A)...
Towards an inclusive governance – part one

Towards an inclusive governance – part one

The winning paper of the Institute’s Corporate Governance Paper Competition 2016 argues in favour of an inclusive stakeholder approach to corporate governance. This submission advocates an inclusive stakeholder model for the implementation of better corporate...
E-signatures: your questions answered

E-signatures: your questions answered

Zoe Chan So Yuen FCIS FCS, LLM, Solicitor, reviews relevant e-signature legislation and guidelines in Hong Kong and around the world, and brings readers up to date with best practice  recommendations on the use of e-signatures. As increasing numbers of organisations...
Best practices in entity management

Best practices in entity management

Rudy Escalante, Chief Operating Officer – Global Services, ICSA Software International, looks at the advantages for company secretaries of having a centralised database within an entity management system providing a single source for all entity-related information....
CSj May 2017 (pdf version)

CSj May 2017 (pdf version)

Integrated reporting – the future is waiting Click the cover image below to view or download a pdf of the full...
New governance standards for authorised insurers

New governance standards for authorised insurers

Tow Lu Lim and Sara Or, partners of Mayer Brown JSM in Hong Kong, assess the implications of the new guidance note issued by the Office of the Commissioner of Insurance (OCI) imposing more stringent corporate governance standards on authorised insurers in Hong Kong....
CSj April 2017 (pdf version)

CSj April 2017 (pdf version)

Accountability – Making it personal Click the cover image below to view or download a pdf of the full...
Keeping Hong Kong ahead of the winding fintech curve

Keeping Hong Kong ahead of the winding fintech curve

Rapid technological advances are transforming international financial centres around the world. CSj looks at the challenge of disruption and opportunities to create new markets that will be the result of Hong Kong’s own fintech revolution. Given that financial...
How technology is changing the role of the corporate secretary

How technology is changing the role of the corporate secretary

Kirstin McCracken, Principal Associate/Consultant, Eversheds Hong Kong, looks at how new technological advances can be relied on to change the way that corporate secretaries more efficiently support their organisations, along with the challenges inherent in moving to...
Fintech –  a regulator's perspective

Fintech – a regulator's perspective

Bénédicte Nolens, Senior Director, Head of Risk & Strategy and Head of the Fintech Contact Point, Securities and Futures Commission (SFC), gives a regulator’s perspective on how technology is transforming the financial sector. In a recent article, Klaus...
Family legacy  and board dynamics – lessons from Tata

Family legacy and board dynamics – lessons from Tata

In the fallout from the very public fight for control of the Tata Group which ended with the ousting of its chair Cyrus Mistry in October last year, Dr Christine Chow, Associate Director, Hermes EOS, Hermes Investment Management, assesses some of the lessons that can...
A diverse career

A diverse career

The Chartered Secretarial qualification can lead to many different career paths. In this second interview in our ‘Career Paths’ series, Estella Ng Yi-kum ACIS ACS, Deputy Chairman, Executive Director, Chief Strategy Officer, Chief Financial Officer and Company...
Governance perspectives

Governance perspectives

Corporate governance practices vary internationally, but is a global consensus emerging on corporate governance best practice? Moreover, how will the changing attitudes to governance affect the company secretary role? Edward Speed, the London-based Chairman; and Alice...
Thailand: building the foundations of the profession

Thailand: building the foundations of the profession

CSj interviews Pensri Suteerasarn, President of the Thai Listed Companies Association, on the latest initiatives in Thailand to strengthen the local corporate secretarial profession. Thanks for giving us this interview, can we start with some background about...
Enforcement focus

Enforcement focus

Thomas Atkinson, who took up his appointment as Executive Director of Enforcement at the Securities and Futures Commission (SFC) in May last year, gives an overview of the SFC’s enforcement priorities going forward. Ever since I started my challenging new role...
Misleading the market: an analysis of the Citron Research case

Misleading the market: an analysis of the Citron Research case

The recent Market Misconduct Tribunal (MMT) decision in the Citron Research case confirms the usefulness of Section 277 of the Securities and Futures Ordinance (SFO) for regulators seeking to prevent a false market in the shares of Hong Kong listed companies....
First concluded case on late disclosure of inside information

First concluded case on late disclosure of inside information

Alexander Que, Partner, and Rhoda Yung, Partner, Deacons, look at the implications of the first finding of breaches of the inside information disclosure requirements under the Securities and Futures Ordinance. The first set of proceedings in the Market Misconduct...
Board building – Improving the effectiveness of your board

Board building – Improving the effectiveness of your board

CSj looks at some best practice recommendations on board governance, their possible applications in the local business environment of Hong Kong and the company secretary’s role in boosting the effectiveness of boards. Board governance – how complicated can it...
An independent view

An independent view

Many corporate governance systems around the world have put increasing reliance on the role of the independent director, but what is it like to perform this role? What makes a good independent director? What is the relationship between the company secretary and...
Embracing the new GRI standards

Embracing the new GRI standards

Tony Wong, Founder and GRI Nominated Trainer, Alaya Consulting Ltd, argues that the new Global Reporting Initiative Sustainability Reporting Standards launched in October 2016 provide a user-friendly structure for Hong Kong companies of all sizes to start or continue...
Mergers and acquisitions:  new guidance

Mergers and acquisitions: new guidance

A new HKICS guidance note seeks to bring some clarity to the complex due diligence required to successfully manage merger and acquisition transactions, and to highlight the role the company secretary can play in the process. Mergers and acquisitions (M&A) are...
Our mission, our road ahead

Our mission, our road ahead

A dinner was held in Beijing in November 2016 to celebrate the 20th anniversary of the establishment of The Hong Kong Institute of Chartered Secretaries (HKICS) Representative Office in Beijing. On behalf of HKICS Council, HKICS President Ivan Tam FCIS FCS, gave a...
CSj January 2017 (pdf version)

CSj January 2017 (pdf version)

Board building – Improving the effectiveness of your board Click the cover image below to view or download a pdf of the full...