The Hong Kong Institute of Directors

Good Corporate Governance Essential to Steering Modern World

The Hon Donald Tsang Yam-kuen GBM, Chief Executive, Hong Kong SAR and Patron of The Hong Kong Institute of Directors:

"No one can dispute the importance of the helmsmanship of directors who have corporate governance at heart. Directors play an indispensable role in guarding against corporate malpractice. As a strong advocate of good corporate governance, the Institute has done a commendable job in raising directors' awareness through a wide range of seminars, training programmes and publications."

Prof K C Chan, Secretary for Financial Services and the Treasury:

"The Hong Kong Institute of Directors has made great contributions to enhancing the quality of company directors and hence the corporate governance standard in Hong Kong, through the issuance of guidelines and organisation of training programmes. I would like to appeal to all to continue to help disseminate and safeguard this important core value of our system."

Mr Eddy Fong GBS JP, Chairman, Securities and Futures Commission

"As directors of your own organisations, be it a listed company or a financial intermediary, you play a key role in instilling a culture of discipline and integrity in your organisations. Your exercise of self-discipline in this regard is a great complement to the SFC’s regulatory discipline. Together with market discipline, our combined efforts would contribute to ensuring Hong Kong’s continued success as an IFC."

The Hon Ronald Arculli GBS JP, Chairman, Hong Kong Exchanges and Clearing Limited

"A directors's role is not easy, requiring constant vigilance, unflagging commitment and independence of mind. Effective directors benefit us all and are vital to our city's progress."

Mr Martin Wheatley JP, Chief Executive Officer, Securities and Futures Commission:

"As can be seen in recent worldwide studies conducted on the competitiveness of markets and corporations, on a global level, investors attach huge importance to a market's and a company's corporate governance when it comes to assessing the value of a stock."

Dr Moses Cheng GBS OBE JP FHKIoD, Hon President and Chairman Emeritus, The Hong Kong Institute of Directors:

"The board of directors of a company is ultimately responsible for corporate governance and makes the decisions that determine the company's prosperity and integrity. It is vital that directors approach their duties with professionalism."

Dr Kelvin Wong FHKIoD, Chairman, The Hong Kong Institute of Directors:

"Shareholders and stakeholders have become complementary partners of good corporate governance. All parties involved should benefit from the mutual trust derived from good corporate governance. This should further strengthen the competitiveness of, and the international confidence in, Hong Kong as an international financial centre."

Dr Carlye Tsui BBS MBE JP FHKIoD, Chief Executive Officer, The Hong Kong Institute of Directors:

"In fulfilling the ultimate responsibilities of corporate governance, directors must demonstrate leadership in enterprise and integrity. It is pertinent that directors engage in continuing professional development to remain up-to-date with corporate governance practices."