Jurisdiction - Hong Kong
Hong Kong – Consultation On Board Diversity.

15 October, 2012


In September 2012, the Exchange published a consultation paper on proposed amendments to the Corporate Governance Code and Corporate Governance Report concerning board diversity. Key proposals include: 


• a new Code Provision (i.e., requirement to “comply or explain”) stating that the nomination committee (or the board) should have a policy concerning diversity in the boardroom and should disclose the policy or a summary of the policy in the corporate governance report;
• each company should also include any measurable objectives that it has set for implementing the policy, and progress on achieving the objectives;
• diversity is clarified to be defined broadly, and there are no proposed prescribed criteria for considering diversity; and
• diversity of board members can be achieved through consideration of a number of factors, including but not limited to gender, age, cultural and educational background, or professional experience.  
For a copy of the consultation paper, please follow the link:



For further information, please contact:
Tony Grundy, Partner, Morrison Foerster
John Moore, Partner,  Morrison Foerster

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