Review of Implementation of Corporate Governance Code 2018 (HKEX)

Review of Implementation of Corporate Governance Code 2018 (HKEX)

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The Stock Exchange of Hong Kong Limited has completed its 2017/2018 review of issuers’ compliance with the Corporate Governance Code and Corporate Governance Report. This is our tenth review since the publication of the inaugural review report in 2007.
The 2017/2018 Review involved analysing the disclosures made by 400 randomly selected issuers, of which 300 had a financial year-end date of 31 December 2017, and 100 with financial year-end dates of 30 June 2017 and 31 March 2018. As with previous reviews, the results of the 2017/2018 Review demonstrate issuers’ high level of compliance with the Code. Whilst the compliance rates are similar to previous years, we have noted a 2% rise in the number of issuers that complied with all 78 Code Provisions (“CPs”), and Chairmen’s attendance at general meetings has improved by 4%.

Contributed by

Maria Lucia Passador

marialucia.passador@unibocconi.it