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Further to the resumption of counter services early this month, we are pleased to re-open our library facilities with effect from 21 September 2020 (Monday). The library opening hours are 9:00 a.m. to 7:00 p.m. Monday to Friday, and 9:00 a.m. to 12:00 noon on Saturday.

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Background

The Institute first launched the Awards in 2000 with the twin objectives of encouraging and promoting good CG disclosures and practices, and acknowledging listed companies and public sector/not-for-profit organizations that exemplified the best CG standards in Hong Kong, as reflected in their annual reports. In 2000 there were only three categories, in which diamond, platinum and gold awards, could be given out, with overall one grand award (around 10 possible awards). In 2020, the Awards have grown to include seven main categories, SSR awards, self-nomination awards, and website CG commendations, amounting, in all, to over 40 possible awards.

 

In addition to the above, the judges may give out Special Mentions for CG and SSR performances regarded as deserving of recognition and encouragement.

 

The process

 

Planning on the Awards starts in March and an initial vetting process is carried out in May to identify companies that merit a more in-depth review of their CG standard. Those companies that pass the initial vetting undergo up to two more detailed "quality reviews" of their CG disclosures and practices. Annual reports remain the primary source of information, supplemented to some extent by website information, particularly where there are cross-references to this in the annual report. Companies that passed the second round of the quality review phase are given a "compliance review", to confirm their compliance with the CG requirements of the Companies Ordinance and Listing Rules.

 

The judges are provided with a shortlist of companies and organizations, as well as other information from the review phase. However, they make their own assessments and reach their own conclusions. Having provided their written views and recommendations, the judges convene for a meeting to decide on the final determinations.

 

Each year the detailed assessment criteria are reviewed and updated to take account of regulatory changes and changes in expectations within the market and the community. This year, the Institute updated the quality review marking scheme to take into account judges’ past observation, and certain international best practices.

 

Tailor-made assessment criteria and marking sheets have been designed for the SSR awards, which start from an initial vetting of sustainability reports, and for the website CG information commendations as well as the self-nomination applications.

 

The Judges' Reports for past years are listed below (click on the relevant link):

 

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