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...
The Panama Papers: implications for Hong Kong

The Panama Papers: implications for Hong Kong

In the wake of the Panama Papers leaks last month, questions are being asked about the adequacy of Hong Kong’s regulatory regime to prevent the abuse of offshore structures. Senior practitioners and corporate service providers give CSj their views about the way...
Integrated reporting: the view from Asia

Integrated reporting: the view from Asia

Outside of Japan, a relatively low number of companies in Asia are currently producing integrated reports, but this month’s In Profile interviewee – Jonathan Labrey, Chief Strategy Officer and Head of Asia Pacific, International Integrated Reporting Council –...
Crowdfunding:  a democratic online marketplace?

Crowdfunding: a democratic online marketplace?

The current sources of finance for start-ups in Hong Kong are limited, so should Hong Kong be promoting crowdfunding as a alternative funding model? Hong Kong has been slow on the uptake when it comes to harnessing the huge potential of the new technologies that are...
Staying competitive

Staying competitive

Caroline Lacocque, Director of Client Services, TMF Hong Kong, looks at how Hong Kong can capitalise on its competitive advantages in the emerging business landscape. The global economy is displaying ‘a new normal’ – the volatile financial markets we have been...
Market rumour:  a revised approach

Market rumour: a revised approach

What should listed companies do if they find themselves subject to market commentaries or rumours which may require a halt of trading in their securities? Hong Kong Exchanges and Clearing Ltd has published new guidance outlining its revised approach to such...
Governance and family companies

Governance and family companies

The concept of sustainability often comes naturally to family companies since they need to serve the family’s needs through the generations, but Stephen Young, Global Executive Director, Caux Round Table, argues that they also need good governance to turn those...
The rise of the renminbi – China's globalising journey

The rise of the renminbi – China's globalising journey

Over the last decade, the renminbi has gone from being unknown outside China to being the fifth most traded currency and the second most used currency for trade finance in the world. Bruce Andrews asks where this journey will lead us next – is the renminbi destined to...
How to avoid issuing clarification announcements

How to avoid issuing clarification announcements

William Wong, Associate, Deacons, outlines some common deficiencies in corporate disclosures which frequently result in the need to issue clarification announcements. Listed companies in Hong Kong are reminded that insufficient information or deficiencies in corporate...
China's draft unified Foreign Investment Law

China's draft unified Foreign Investment Law

Lester Ross, Kenneth Zhou and Tingting Liu at law firm WilmerHale, examine what China’s foreign investment legal system will look like when its new Foreign Investment Law, which was issued for public comment in January this year, takes effect. China’s...
Winding up a listed company by the SFC

Winding up a listed company by the SFC

In Re China Metal Recycling (Holdings) Ltd, the Securities and Futures Commission has obtained its first court order to wind up a Hong Kong-listed company under Section 212 of the Securities and Futures Ordinance. On 9 March 2015, Justice Harris handed down the...

Ask the Expert May 2015

Q:Recent AGM seasons have seen an increase in ‘no’ votes against some types of resolutions. What can I do to help prepare my company for our AGM? A: Investors across Asia are beginning to alter their approach to the AGM season and voting. Whereas in the past,...
CSj May 2015 (pdf version)

CSj May 2015 (pdf version)

Family companies – Governance models? Click the cover image below to view or download a pdf of the full...
Know your Institute: a bird's eye view

Know your Institute: a bird's eye view

The Hong Kong Institute of Chartered Secretaries (HKICS) has a well-known and well-loved icon in the shape and form of Sagittarius serpentarius, better known as the secretary bird, but what exactly does the secretary bird represent? How is the HKICS structured? What...
Team effort

Team effort

The job of rewriting a law of the size and complexity of Hong Kong’s Companies Ordinance does not come around very often. This month CSj talks to Ada Chung about the lessons she has learned over the last seven years since she took up her post as Registrar of...
The new Companies Ordinance: your guide

The new Companies Ordinance: your guide

This month the Companies Registry concludes its series of articles introducing the major changes brought in by the new Companies Ordinance. In this final article in the series, Ada Chung, Registrar of Companies, and Phyllis McKenna, Deputy Principal Solicitor, HKSAR...
上市公司独立董事履职情况报告

上市公司独立董事履职情况报告

Independent directors in the PRC This article is the first of a two-part article by the China Association for Public Companies (CAPCO) summarising its Report on the Fulfillment of Duties by Independent Directors of Listed Companies which was published earlier this...
Time to review your agency workforce in China

Time to review your agency workforce in China

New regulations on the deployment of contingent and temporary workers in Mainland China took effect on 1 March 2014. All employers using contingent workers in Mainland China, typically referred to as an ‘agency workforce’ or as ‘labour dispatch...

Ask the Expert May 2014

Q:  Aside from reporting my company’s interim and annual results, what else can I do to effectively engage with current and prospective investors? A:  Going beyond basic financial reporting requirements and increasing engagement with investors is a vital...
CSj May 2014 (pdf version)

CSj May 2014 (pdf version)

Know your Institute – A bird’s eye view. Click the cover image below to view or download a pdf of the full...
Automation – Meet the cyborg company secretary

Automation – Meet the cyborg company secretary

While technology has transformed many aspects of the company secretary role, fear not, you are not about to be replaced by a machine anytime soon. This month CSj looks at where automation is, and where it is most definitely not, prescribed for today’s tech savvy...
Digital board packs – What have they ever done for us?

Digital board packs – What have they ever done for us?

Boards of directors have been operating perfectly well for hundreds of years using paper board packs, so what can digital board – or meeting – packs delivered via a board portal do better? In an article published in The Sunday Times of London on 13 January...
Monoculture of the mind?

Monoculture of the mind?

As cultural homogenisation sweeps the planet, this month’s well travelled interviewee, Stuart Crosby, Chief Executive Officer, Computershare Ltd, warns against assuming that cultural differences have been laid to rest by globalisation – they still have the power...
Kazakhstan – Getting corporate secretaries on the list

Kazakhstan – Getting corporate secretaries on the list

In early 2008, when Zhardem Kurmangaziyev turned up for work as a corporate secretary of the Sustainable Development Fund Kazyna JSC, the HR department had never encountered a corporate secretary before and decided to list him as a manager in the legal department....
Can China adapt? 中國能否適應新形勢?

Can China adapt? 中國能否適應新形勢?

Are China’s three decades of impressive economic growth coming to an end? Is China going to succumb to the same malaise which has trapped Japan in a prolonged period of ultra-slow growth for the last two decades? Zhang Jun, Professor of Economics and Director of...

Ask the Expert May 2013

Q: My company’s annual general meeting (AGM) is scheduled to be held in June. If typhoon signal number eight is hoisted on the day of our AGM, what should we do? A: It is always recommended to have contingency plans in place for typhoons or adverse weather....
CSj May 2013 (pdf version)

CSj May 2013 (pdf version)

Automation – Meet the cyborg company secretary. Click the cover image below to view or download a pdf of the full...
In search of a balanced board – The case for diversity

In search of a balanced board – The case for diversity

Many female readers of this journal will no doubt have had the experience of being the only woman present at board meetings. How would they pitch to their male colleagues the need for better board diversity? CSj outlines a fictional company secretary’s defence...
Keeping in touch – Linking companies and their owners

Keeping in touch – Linking companies and their owners

This month’s interviewee – Naz Sarkar ACIS, the regional CEO for the UK, the Channel Islands, Ireland and Africa at Computershare Investor Services PLC – discusses the way that Chartered Secretaries involved in the share registration business can help develop...
China 2030

China 2030

China 2030: building a modern, harmonious and creative high-income society, published by the World Bank in collaboration with China’s Ministry of Finance (MOF) and the Development Research Center of the State Council (DRC), assesses China’s medium-term...
China's politics of the economically possible

China's politics of the economically possible

The World Bank’s China 2030 report recommends, among other things, that China should eliminate privileges for state-owned enterprises, increase spending on social services and open its budget to public scrutiny. Sound advice, argues Minxin Pei, Professor of...
Contract management – avoiding the horror stories

Contract management – avoiding the horror stories

There are many stories about doing business in mainland China – some exceptionally successful, others diabolical failures. Matthew McKee, Solicitor, Argyle Lawyers Pty Ltd, argues that what makes these disaster stories worse is that they are usually easily avoidable....
Arbitration in China  中國的仲裁機制

Arbitration in China 中國的仲裁機制

New rules issued by the China International Economic Trade Arbitration Commission should improve its standing as an international player in dispute resolution and arbitration proceedings Revised arbitration rules for the China International Economic Trade Arbitration...
CSj May 2012 (pdf version)

CSj May 2012 (pdf version)

In search of a balanced board. Click the cover image below to view or download a pdf of the full...