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eNews
New Corporate Governance Rules Affecting Hong Kong INEDs
The Stock Exchange of Hong Kong Limited (“SEHK”) recently introduced a series of amendments relating to corporate governance (“CG”) requirements in order to enhance CG practices of listed issuers and to ensure that the CG framework continues to align with stakeholders’ expectations and international best practices. These amendments have significant impact on independent non-executive directors (“INEDs”) of listed issuers. The effective date of most of the amendments is 1 January 20...
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China Updates
Proposed New Amendments to the China Company Law
On 20 December 2021, the “Company Law of the People’s Republic of China (Draft for Revision) 中华人民共和国公司法(修订草案) (the “Draft”) was submitted to the Standing Committee of the National People’s Congress for deliberation and it was then made available for public comments. Enacted in 1993, China’s current Company Law has gone through many revisions including amendments to several provisions in 1999 and 2004, a comprehensive revision in 2005, and two important ame...
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