HKIoD Speaker Luncheon Meeting with
Ms Bonnie Y Chan
Head of Listing, Hong Kong Exchanges and Clearing Limited
on Friday 22 October 2021
Topic: Advocating Good Corporate Governance – a review of 2020
and a preview of upcoming HKEX initiatives
Highlights of address
Ms Bonnie Y Chan stated that high standards of governance are an important driver of good business performance.
The preview of upcoming HKEX initiatives is focused on three areas: –
a. Corporate Governance: consultation conclusions, guidance for IPO applicants on CG/ESG and new rules.
Listed Issuers with single-gender board: to appoint director(s) of a dierent gender in the coming 3 years and set targets to track diversity progress.
IPO Applicants: not expected to have single gender board and report on progress of achieving better diversity.
Listed issuers and IPO applicants: to establish systems for board oversight of ESG matters and consider adopting practices to reduce carbon emissions and control climate-related risks.
Provision by HKEX: guidance on TCFD-aligned disclosure, new sustainability standards and new centralised ESG Portal for awareness & education.