08 Aug Independent Audit Limited Response to HKEx Consultation Paper
Response to HKEx Consultation Paper on Corporate Governance
8 Aug 2024
On 14 June 2024, The Stock Exchange of Hong Kong Limited (the Exchange), part of HKEx, released a Consultation Paper on Review of Corporate Governance Code (CGC) and related listing rules.
The consultation follows on from the amendments to the CGC that came into effect on 1 January 2022. In developing the present proposals, the Exchange has drawn from regulatory developments in jurisdictions including the UK, Australia, Singapore, Malaysia and Mainland China.
The consultation period ends on 16 August 2024 with an ambitious implementation date, subject to market feedback, of 1 January 2025, with a 3-year transitional period.
Here we share IAL’s response to the key points of consultation paper.