Sound corporate governance practices are critical in providing the transparency that investors demand.
The governance practices are critical in providing transparency that investors demand.
In today's business world, sound corporate governance practices are critical in supporting future growth targets and increasing market share, whilst also providing the transparency that investors demand. Regulators continue to increase mandatory corporate governance requirements, and the Hong Kong market is no exception following the implementation of the Hong Kong Code on Corporate Governance Practices.
Of the forty-five Code Provisions affecting Hong Kong listed issuers, Code Provision C.2.1 is likely to be the most challenging as it requires each listed company to perform an annual review of the effectiveness of the system of internal control, and such review should cover operational, compliance, financial and risk management functions.
Depending on your circumstances, our IARCS professionals will tap into KPMG's global resources to help you comply with your specific corporate governance requirements and to yield the maximum business value along the way.