Hong Kong Institute of CPAs Approves of Corporate Governance Upgrades But Calls for More Clarity in Exchanges' Overall Approach and Some Proposed Code Changes

Hong Kong, March 17 -- Hong Kong Institute of Certified Public Accountants issued the following news release:

The Hong Kong Institute of Certified Public Accountants says the Hong Kong Stock Exchanges' latest proposals to tighten governance in companies that are listed or about to be listed will help to keep Hong Kong in line with major financial centres, but suggests that more guidance may be needed in areas such as the chairman's and the board's role, board evaluations, and policies on shareholder communication and whistleblowing.

The Institute...