Consultation on the Review of Corporate Governance Code and Related Listing Rules

The Exchange also issued a consultation paper on “Review of Corporate Governance Code and Related Listing Rules” (“Consultation Paper”) on 16 April. The Consultation Paper sets out among other things proposed enhancements to the Corporate Governance Code and the Corporate Governance Report, which include new measures for corporate culture, director independence, refreshment and succession planning, as well as diversity, communication with shareholders and Environmental, Social and Governance disclosures and standards.

The Company Law Committee has studied the Consultation Paper and rendered views. Their views were endorsed by the Council of the Law Society and appear in a submission which is available at the following link on the Law Society’s website:

http://www.hklawsoc.org.hk/pub_e/news/submissions/20210608b.pdf