The Hong Kong Business Accountants Association (HKBAA) will hold an online seminar on 28 February 2023 (Tuesday) on the topic “Report on 2022 Survey about Effectiveness of Independent Non-Executive Directors (INEDs) in Hong Kong”, details of which are as follows:
The first-ever recent study on the effectiveness of Independent Non-Executive Directors (INEDs) in Hong Kong suggested that an ESG Committee as well as Directors and Officers (D&O) insurance should become mandatory for all issuers under the Stock Exchange’s Listing Rules.
This Study on the effectiveness of INEDs in Hong Kong was carried out in 2022 jointly by the Hong Kong Independent Non-Executive Director Association (HKiNEDA), the Hang Seng University of Hong Kong (HSUHK) and Provident Governance Services Limited (PGSL). Around 150 INEDs were successfully surveyed on their roles and responsibilities, risk and rewards, independence, professional development and qualifications, board diversity, and Environmental, Social and Governance (“ESG”) matters, followed up by in-depth interviews with 10 experienced INEDs.
The survey focused on:
1) six perspectives of the INED profession:
- roles and responsibilities
- risk and rewards
- independence
- professional development and qualifications
- board diversity and ESG
2) the challenges they face today
The seminar will provide you the survey results in details as well as the recommendations.
- Mr. Edwin Yeung, Executive Council Member of HKiNEDA and Vice Chairman of Corporate Governance Committee of HKiNEDA
(Click
here to see the bio)
- Dr Anthony Tyen, Director, Provident Governance Services Limited (PGSL)
(Click
here to see the bio)
- Mr. Herbert Hui, Executive Council Member and Vice Chairman of Corporate Governance Committee of HKiNEDA
(Click
here to see the bio)