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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 commendations for website CG information, offering, in all, over 40 possible awards, including special mentions for CG and SSR performances regarded as deserving of recognition and encouragement.

 

The process

 

Planning on the Awards starts in February 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 reviews" of the quality of their CG disclosures and practices. Annual and sustainability 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 and/ or sustainability reports. Companies that pass 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. In relation to the SSR section of the BCGA, two rounds of in-depth reviews of the sustainability/ ESG reporting of those companies that pass the initial screening phase are conducted.


The judges are provided with a shortlist of companies and organizations, as well as other information from the review phase. While they may refer to this material, they are expected to carry out their own assessments and come to their own conclusions. Having provided their written views and recommendations, the judges convene for a meeting to decide on the final determinations.


As in prior years, we continue to review and update the BCGA assessment criteria to take account of regulatory and other changes. Reference may be made some good overseas practices.


Tailor-made assessment criteria and marking sheets have been designed for the SSR awards, commendations for website CG information and the self-nomination awards.

 

The Institute is very grateful to all the people whose dedication helps to make the Awards a success. This includes the reviewers, judges, the Awards Organizing Committee members, the post-graduate students who assist on the initial vetting process, and supporting staff. The Institute also thanks all the supporting organizations and media sponsors. Acknowledgments, as well as detailed commentaries on the CG and ESG of the winning companies and organizations, are contained in the Judges' Report for the 2020 Awards.

 

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

 
 
 
 
 
 
 
 
 

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