ACGA’s Submission to Hong Kong Exchange

From ACGA's web site:  In mid-April, ACGA submitted our response to the December 17, 2010 Hong Kong Exchanges and Clearing Limited (HKEx) consultation paper on proposed changes to the Code on Corporate Governance Practices and certain Listing Rules related to corporate governance.

ACGA analysed and offered responses on nine issues:

Directors’ duties and recommendations, including on the number of directorships;

Director training and independent directors;

Remuneration and nomination committee;

Corporate governance committee;

Audit committee;

Management accounts;

Shareholders’ general meetings;

Voting by poll; and

Appointment and removal of auditors.

We agreed with most of the proposals we responded to, although we recommended that some should be reworded or further expanded on.

ACGA's submission is available on the data library at:

The Board Director Training Institute (BDTI) is a "public interest" nonprofit in Japan dedicated to training about directorship, corporate governance, and related management techniques. It is certified by the Japanese government to conduct these activities as a regulated nonprofit. Read a summary about BDTI here, and see a menu of its services for both corporations and investors here.

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