Corporate Governance

The Hong Kong Institute of Certified Public Accountants is active in promoting better corporate governance in Hong Kong. The Institute believes that in order for Hong Kong to remain successful in an increasingly competitive global market and to maintain its status amongst the world's leading financial and commercial centres, it must continue to promote and aspire to achieve international best practice in corporate governance, both in terms of regulations and prevailing practices.

The Institute has undertaken various initiatives to promote and enhance Hong Kong's corporate governance standards. These include:

1. Best practice guidance: Producing a series of study reports and practice guidance
2. Promotional events and activities: Organizing the Best Corporate Governance Awards
3. Representation and advocacy: Commenting on consultation documents and proposals relating to corporate governance or with corporate governance implications
4. External and international involvement: Participating in external events and activities and collaborate with other professional and regulatory bodies to promote corporate governance in Hong Kong

Useful links and references

Websites

• Asian Corporate Governance Association (ACGA)
• Financial Services and the Treasury Bureau (FSTB)
• Hong Kong Exchanges and Clearing Limited (HKEX)
• Organization for Economic Co-operation and Development (OECD) - Corporate Governance section
• Securities and Futures Commission (SFC)
• The Hong Kong Institute of Chartered Secretaries (HKICS)
• The Hong Kong Institute of Directors (HKIoD)

References

• G20/OECD Principles of Corporate Governance
• OECD White paper on Corporate Governance in Asia
• HKMA - Supervisory Policy Manual: Corporate Governance of Locally Incorporated Authorized Institutions (2017)
• Insurance Authority - Guidance Note on the Corporate Governance of Authorised Insurers (2016)
• HKICS - The Duties and Responsibilities of Independent Non-Executive Directors of Hong Kong Main Board Listed Companies (2006)