Exchange Publishes Conclusions on Corporate Governance Code Enhancements

The Stock Exchange of Hong Kong (HKEX) has published its consultation conclusions on enhancing the Corporate Governance (CG) Code and related Listing Rules, with all proposals receiving majority support. The final changes, effective from 1 July 2025, aim to strengthen board effectiveness, diversity, and independence, including new requirements for board training, performance reviews, and caps on the tenure of independent non-executive directors (INEDs). The proposals also address risk management, internal controls, and capital management. Transitional arrangements will be in place for overboarding and INED tenure, and updated guidance will be provided in 2025 to assist issuers in meeting these new standards.

Resources: https://www.hkex.com.hk/News/Regulatory-Announcements/2024/2412192news?sc_lang=en