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...
Board evaluation:  is Hong Kong missing out?

Board evaluation: is Hong Kong missing out?

Formal board evaluation is still at a nascent stage in Hong Kong. CSj looks at the potential benefits of the process and explores why companies in Hong Kong have been reluctant to embrace what is fast becoming a standard part of good corporate governance practice....
Board assessment and board effectiveness

Board assessment and board effectiveness

George Anderson, Katherine Moos and Alice Au, Spencer Stuart, look at six key questions all boards need to consider regarding board performance and the suitability of individual directors. Investor focus on board performance has reached new levels of intensity. The...
In conversation: insights into integrated reporting

In conversation: insights into integrated reporting

In the global investment community, there have been discussions about the importance of integrating environmental, social, and governance factors into corporate strategy and disclosures, and a movement to encourage integrated reporting. Robert Eccles, Chairman of...
CGC 2016 preview

CGC 2016 preview

CSj previews the Institute’s upcoming biennial corporate governance conference, to be held on the 23–24 September 2016 at the JW Marriott Hotel in Hong Kong. Next month, the 10th in the Institute’s series of biennial corporate governance conferences (CGCs)...
NGO governance:  new guidance

NGO governance: new guidance

A new guidance note issued by the HKICS gives a practical introduction to the governance issues relating to non-governmental organisations (NGOs). A director on your board wants to become involved in an NGO. He comes to you, as the company secretary, and wants to know...
Singapore's new sustainability reporting rules

Singapore's new sustainability reporting rules

Erin Lyon, Executive Director, CSR Asia, takes a look at the Singapore stock exchange’s new sustainability reporting requirements. The long wait for the Singapore Exchange Ltd (SGX) sustainability reporting requirements is finally over. On the 20 June 2016, the...
Global connectivity  互聯互通—時代的主題

Global connectivity 互聯互通—時代的主題

Xie Jilong, Board Secretary, CRRC Corporation, highlights the economic and social opportunities resulting from the trend towards global connectivity. From the age of discovery to the proof of the earth being round, from the industrial revolution to the massive...
CSj August 2016 (pdf version)

CSj August 2016 (pdf version)

Board evaluation – Is Hong Kong missing out? Click the cover image below to view or download a pdf of the full...
Internal whistleblowing: how to get it right

Internal whistleblowing: how to get it right

Until Hong Kong establishes effective whistleblower protections it will continue to miss out on one of the most effective channels for the detection of fraud. CSj gets some expert advice on this and other aspects of establishing an effective internal whistleblowing...
The value of good communication

The value of good communication

Investor relations is a relatively young profession in Hong Kong, but this month’s In Profile candidate is a Chartered Secretary who has played a major role in building the profession over the last decade. This month, CSj talks to Dr Eva Chan FCIS FCS(PE),...
Weighted voting rights

Weighted voting rights

A straw man proposal is intended to generate discussion of an intended course of action and Hong Kong Exchanges and Clearing’s ‘straw man’ weighted voting rights proposals have certainly succeeded in doing that. The question remains however – what comes...
China's live stress test

China's live stress test

In the wake of China’s stock market losses, Andrew Sheng and Xiao Geng at the Asia Global Institute of the University of Hong Kong, argue that the lessons of this current ‘stress test’ should be used to drive the next phase of economic reform in China. The...
CSj August 2015 (pdf version)

CSj August 2015 (pdf version)

Internal whistleblowing – How to get it right. Click the cover image below to view or download a pdf of the full...
Compliance update

Compliance update

Company secretaries in Hong Kong assess the new demands on, and demand for, compliance professionals in the emerging regulatory environment. Compliance work is at the core of what company secretaries do. The Institute’s latest research report on the roles and...
On the level

On the level

In 2013 Anna Wu Hung-yuk was appointed Chairperson of the Competition Commission which will oversee the implementation of the Competition Ordinance next year. In an interview with CSj, she talks about her aspirations for the Competition Commission and looks back over...
CGC 2014: join the debate

CGC 2014: join the debate

CSj previews the Institute’s ninth biennial corporate governance conference which gets underway next month in Hong Kong. The Institute’s biennial corporate government conferences (CGCs), first launched in 1998, have established a reputation for their very...
Corporate rescue in Hong Kong: time for change

Corporate rescue in Hong Kong: time for change

Andrew Kinnison, a solicitor and partner with Howse Williams Bowers, argues that it is time to enact legislation in Hong Kong to support a corporate rescue culture. Corporate rescue is a means by which the directors of an ailing company can seek to nurse it out of its...
Shadow companies: new CFI judgments

Shadow companies: new CFI judgments

In two recent cases, Hong Kong’s Court of First Instance (CFI) calls for proactive measures against shadow companies. In two recent Hong Kong cases, Power Dekor (Hong Kong) Ltd v Power Dekor Group Co Ltd (1 HKLRD 845/2014), and Exxon Mobil Corporation v USA...

Ask the Expert

Q: We have many board committees and subsidiary companies with varying degrees of overlap amongst directors; how can we address this segregation of information and duties with a board portal? A: Access to the right content at the right time is key to effective board...
CSj August 2014 (pdf version)

CSj August 2014 (pdf version)

Compliance update – Your guide to the new regulatory environment. Click the cover image below to view or download a pdf of the full...
Integrated reporting: is Hong Kong ready?

Integrated reporting: is Hong Kong ready?

Corporate reports that give stakeholders access to year-old financial statements and little else are clearly not sufficient. The notion, however, that companies currently serving up this stale fare can instantaneously upgrade to providing stakeholders with...
Integrated reporting: tips on getting started

Integrated reporting: tips on getting started

April Chan, Company Secretary, CLP Holdings Ltd, shares some of the experience her company has gained since switching to integrated reporting in 2011. CLP’s financial statement of 1902 consisted of one page of exclusively financial data. By 2012, CLP’s...
What's new in the GRI G4?

What's new in the GRI G4?

The latest generation of sustainability reporting guidelines from the Global Reporting Initiative were launched in May this year. Erin Lyon, Executive Director, CSR Asia, takes a look at the major changes from the G3.1 guidelines they replace, and highlights what G4...
Copycat capitalists 模仿资本主义

Copycat capitalists 模仿资本主义

China’s economic success has led to some rather unusual disruptions to the usual battlelines over free-market versus state-sponsored capitalism. Western countries that have traditionally been staunch defenders of the free-market variety have been shifting...
Establishing and maintaining a culture of compliance

Establishing and maintaining a culture of compliance

Does your company regard compliance as an added value to your business or as a business cost? Bill Dee, Director, Compliance and Complaints Advisory Services Pty Ltd, Australia, and Angus Young, Assistant Professor, Hang Seng Management College, Hong Kong, give some...
CSj August 2013 (pdf version)

CSj August 2013 (pdf version)

Integrated reporting – Is Hong Kong ready? Click the cover image below to view or download a pdf of the full...
Shareholder spring? Looking back at the 2012 AGM season

Shareholder spring? Looking back at the 2012 AGM season

While the annual general meeting (AGM) season in Hong Kong coincides with springtime, did we see any evidence this year of the ‘shareholder spring’ – the backlash by shareholders on executive compensation and other corporate governance matters that has had a...
India: interview with a company secretary specialist

India: interview with a company secretary specialist

Company secretaries have a lot going for them in India. The local institute of company secretaries is a statutory body and has some 25,000 members and over 230,000 students. Moreover, by law all companies with a paid up capital over approximately US$500,000 must...
Join the cloud? Certainly, but do your due diligence first

Join the cloud? Certainly, but do your due diligence first

Cloud computing provides easy, scalable access to IT resources and services – it’s also much cheaper than building your own IT infrastructure – but before you sign up to ‘join the cloud’, Zoe Chan, Programme Director, HKU SPACE, suggests some of the issues...
Expense reduction

Expense reduction

There are many ways to reduce corporate expenditure without having to cut staff, argues Richard Wong, Principal, Ascent Partners As staff are generally a major corporate cost category, whenever there is a need to trim costs, the opportunity to find victims presents...

Ask the Expert August 2012

Q: We are considering migrating from a paper board pack to an online board portal, what practical issues do we need to consider in selecting an online service?   A: There are many considerations in addition to the more obvious security and support issues that you are...
CSj August 2012 (pdf version)

CSj August 2012 (pdf version)

Shareholder spring? – 2012 AGM season review. Click the cover image below to view or download a pdf of the full...