Nomination Criteria

The HKIoD Award Series for Director Excellence consists of two series of awards:
(1) Directors of the Year Awards and (2) Climate Governance Awards.

Objectives of the Directors of the Year Awards are:

  • To recognise outstanding boards and directors.
  • To promote good practices in corporate governance and director professionalism.

Objectives of the Climate Governance Awards are:

  • To recognise and inspire exemplary achievements in climate governance.
  • To advocate climate action by directors.
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Categories。 Nominations are invited from the public for the selection of winners for the following Awards under the HKIoD Award Series for Director Excellence 2024:
(a) Directors Of The Year Awards 2024.
(b) Climate Governance Awards 2024.
The Awards will recognise excellence in the respective categories as follows: –

1.1 Company Categories

(a) Listed Companies
(b) Non-listed Companies
(c) Statutory / Non-profit-distributing organisations*

Notes: *A non-profit-distributing organisation is defined as an organisation of which profits are not distributed to its shareholders, members, directors, employees or any other persons, with objectives including, but not limited to, charitable welfare, social service, health and medical care, education, research, trade and industrial alliance, professional advancement, self-help support etc.

1.2 Director Categories

(a) Executive Directors
(b) Non-Executive Directors
(c) Boards

Special recognition will be extended to Directors of the Year board awardee(s) with excellence in board diversity.

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No Awards Quota.In accordance with decisions of the Panel of Judges: –
2.1   one or more awards may be granted in any of the above categories.
2.2   no award may be granted in a particular category, if no candidate is deemed appropriate.
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Pre-requisites for nomination: –

A. Individual Director Categories: To be qualified for nomination, a candidate must be a director of a company or another legal entity, which must be registered and/or operating in Hong Kong. The candidate’s title may be director or executive director or non-executive director per se or another title, such as Partner, President, Chief Executive, Member of Governing Committee, Council Member, etc, in which case the candidate must be a member of the body responsible for governance and stewardship of an organisation.

B. Collective Board Categories: To be qualified for nomination, a candidate must be the board of a company or another legal entity registered and/or operating in Hong Kong. The title of the board may be Board of Directors per se or another title, such as Governing Committee, Council, Steering Committee, etc, in which case the candidate must be a group collectively responsible for governance and stewardship of an organisation. The Chairman of the nominated board will represent the nominee.

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Selection Criteria**
4.1 The selection considerations for Directors of the Year Awards will include candidates’ demonstration of their understanding and practice in an effective combination of the core competency areas from the following list: –

A.Individual Director Categories

a) director responsibilities and practices;
(b) contribution to governance framework, culture, and relationship;
(c) contribution to business strategy development;
(d) contribution to risk management;
(e) contribution to development of human capital;
(f) financial proficiency;
(g) digital proficiency;
(h) innovation;
(i) contribution to sustainability;
(j) other achievements and observations.

B.Collective Board Categories

(a) board structure and practices;
(b) governance framework, culture, and relationship;
(c) business strategy development;
(d) risk management;
(e) human capital;
(f) financial proficiency;
(g) digital proficiency;
(h) innovation;
(i) sustainability;
(j) other achievements and observations.

4.2 The selection considerations for Climate Governance Awards will include candidates’ demonstration of their understanding and practice in an effective combination of the core competency areas from the following list: –

A.Individual Director Categories

(a) climate and sustainability leadership as board director;
(b) contribution to development of competence on climate governance;
(c) contribution to climate-related risk and opportunity assessment;
(d) contribution to strategic and organisational integration;
(e) contribution to reporting and disclosure;
(f) contribution to exchange with stakeholders on climate governance
(g) other achievements and observations.

B.Collective Board Categories

(a) climate accountability of the board;
(b) command of the subject of climate governance;
(c) board structure;
(d) material risk and opportunity assessment;
(e) strategic and organisational integration;
(f) incentivization;
(g) reporting and disclosure;
(h) exchange;
(i) other achievements and observations.

Notes: **The Selection Criteria have been developed with reference to the HKIoD principles in corporate governance and director core competencies for Directors Of The Year Awards (Please refer to https://www.hkiod.com/professional-development/ ) and the Climate Governance Initiative 8 Principles of Climate Governance for the Climate Governance Awards (Please refer to https://www.hkiod.com/global-cgi/ )

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Submission of Data. To be qualified for nomination, a candidate must provide to the Organiser:

1. the Completed Nomination Form; and
2. all applicable supporting documents, including copies of certificates, Annual Report and other
relevant documents

Please email soft copy of the completed Nomination Form and supporting documents to [email protected].

Closing of nomination period: 5:00pm Wednesday 31 July 2024.

For inquiry, please contact 2889 4988.

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Commitment. In signing the nomination form, the candidate:

6.1  agrees to being nominated.

6.2  agrees that the Organiser may disclose the data collected in and appended to this form to the Honorary Selection Consultants and Panel of Judges for selection purpose.

6.3  certifies that the facts supplied therein are true and accurate.

6.4 agrees to meet with the Honorary Selection Consultants to be arranged in Hong Kong during August to September 2024, if and when called upon to attend such meeting. Each candidate for Collective Board Category shall appoint a representative number of board members to attend interview. Board representatives attending interview should be led by the Board’s Chairman and include Chairmen of major Committees of the Board, a representative number of Executive Directors, Non-Executive Directors and Independent Non-Executive Directors and the CEO (whether the CEO is Board Member or not);

6.5  agrees to supply further and better particulars when necessary.

6.6  agrees to accept the award, in case of being selected.

6.7  in case of being selected as winner, agrees: –
(a) to being publicised as an Awardee and to participate in the publicity programme arranged by the Organiser and
(b) to speak in sharing of insights and experiences to the audience in an event to be arranged by the Organiser in mutual convenience; and

6.8  accepts the decision of the Panel of Judges as the final decision.

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Privacy. The Organiser has adopted a Personal Data (Privacy) Policy, full details of which are downloadable from https://www.hkiod.com/privacy-policy/. Personal data collected by this form will be used to process nomination for Awards under the HKIoD Award Series for Director Excellence and will be handled in strict confidence. In the announcement of results and the publicity programme arranged for awardees, the Organiser will coordinate with Awardees as to the relevant information to be disclosed to the public.

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Declaration of Interest. The Organiser follows strictly the procedures of Declaration of Interests, whereby during the processes of selection, Members of the Panel of Judges make declarations of interests in relation to the candidates and abstain from the discussions and voting on cases with respective interests involved.  Accordingly, those who represent the Organiser on the Panel of Judges abstain from the discussion and voting on any candidate who happens to originate from or represent a sponsor of the Awards project.
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Award withdrawal. If, after an Award is bestowed, any fact supplied in the respective nomination is discovered to be fraudulent or untrue, or an Awardee is proven to be associated with a fraudulent or dishonourable act, the Organiser reserves the right to withdraw the Award.
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Credits:

10.1  Directors Of the Year Awards

A. Individual Director Categories:

A person who has won the Directors Of the Year Awards as an Individual Awardee may claim, in his/her biodata, as

  • “Awardee of Directors Of The Year Awards [year]” – simplified format.
  • “Awardee of Directors Of The Year Awards [year] in the category of [company category and ED/NED category]” – elaborate format.

B. Collective Board Categories:

A company whose board has won the Directors Of the Year Awards as a Board Awardee may claim, in corporate collateral, as

  • “Board Awardee of Directors Of The Year Awards [year]” – simplified format.
  • “Board Awardee of Directors Of The Year Awards [year] in the category of [company category]” – elaborate format.

A Board Award is granted to the board collectively as a team, but not to its members individually.

As to a member of the Board Awardee, he/she may cite as

a board member of Board Awardee of Directors Of The Year Awards [year]”.

10.2 Climate Governance Awards

A. Individual Director Categories:

A person who has won the Climate Governance Awards as an Individual Awardee may claim, in his/her biodata, as

  • “Awardee of Climate Governance Awards [year]” – simplified format.
  • “Awardee of Climate Governance Awards [year] in the category of [company category and ED/NED category]” – elaborate format.

B. Collective Board Categories:

A company whose board has won the Climate Governance Awards as a Board Awardee may claim, in corporate collateral, as

  • “Board Awardee of Climate Governance Awards [year]” – simplified format.
  • “Board Awardee of Climate Governance Awards [year] in the category of [company category]” – elaborate format.

A Board Award is granted to the board collectively as a team, but not to its members individually.

As to a member of the Board Awardee, he/she may cite as

a board member of Board Awardee of Climate Governance Awards [year]”.

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Final decision. In case of any disputes or controversies, the decision of the Organiser shall be final.
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