Hong Kong – The Hong Kong Chartered Governance Institute (HKCGI) and Lintstock have released a joint research report titled 'International Best Practice in Board Effectiveness – Hong Kong Edition'. This pioneering study, drawing insights from over 400 directors and board representatives globally, provides a comprehensive analysis of board reviews and governance practices.
As Hong Kong companies prepare for the introduction of a new Corporate Governance Code provision requiring board performance reviews every two years from July 2025, this research offers timely and practical guidance on enhancing board effectiveness.
David Simmonds FCG HKFCG, President, HKCGI; Chief Strategy, Sustainability and Governance Officer, CLP Holdings Limited, emphasised the study’s significance:"Board reviews have long been a hallmark of good governance in international markets. With the evolving corporate landscape in Hong Kong, this research provides boards with the necessary insights to refine their governance frameworks and enhance effectiveness."
Neil Alderton, Partner at Lintstock, added:"Our experience facilitating board reviews across global markets has revealed that governance best practices must adapt to local regulatory and cultural dynamics. This report equips boards in Hong Kong with the tools to implement international standards while tailoring them to their specific needs."
Click HERE to view the press release.