Hong Kong's New Board Seat Limit to Enhance Corporate Governance

Friday, 14 June 2024, 11:18
Hong Kong is enhancing its corporate governance standards by introducing a limit of 6 board seats per director. This move aims to align with regional bourses and prepare for an increase in new listings. The upcoming drop in interest rates is fueling start-ups' desire to raise funds, prompting Hong Kong to raise the bar on governance.
South China Morning Post
Hong Kong's New Board Seat Limit to Enhance Corporate Governance

Summary:

Hong Kong is catching up with regional bourses by enhancing its governance standards ahead of an expected influx of new listings.

Main Points:

  • Limit on Directors' Board Seats to 6 aimed at bolstering corporate governance.
  • Anticipated rise in interest among start-ups to raise funds due to expected drop in interest rates.

Conclusion: Hong Kong's proactive measures showcase a commitment to improving corporate governance and attracting more investments.

Do you want to advertise here? Contact us

Related posts

Do you want to advertise here? Contact us
Do you want to advertise here? Contact us
Newsletter

We carefully select news from the world of finance and publish it for our users. We understand the importance of reliable and up-to-date information for people in the financial world. Do you want to receive news in a convenient format and always have it at hand — subscribe to our newsletter and make your analytical work more effective.

Subscribe