CG Code amendments

In mid-April, 2011, ACGA submitted a response to a Hong Kong Exchanges and Clearing (HKEx) consultation paper, published in December 2010, on proposed changes to the Hong Kong Code on Corporate Governance Practices.

ACGA analysed and made recommendations on nine issues:

  • Directors' duties and recommendations, including on the number of directorships;
  • Director training and independent directors;
  • Remuneration and nomination committee;
  • Corporate governance committee;
  • Audit committee;
  • Management accounts;
  • Shareholders' general meetings;
  • Voting by poll; and 
  • Appointment and removal of auditors.