HKEX Proposes Listing Rules Changes On Independent Non-Executive Directors And Others

The Stock Exchange of Hong Kong Limited (the "Exchange") recently published two consultation papers proposing changes to:

• the Corporate Governance Code (the "Code") and Corporate Governance Report as well as related amendments to its Listing Rules; and
• documentary requirements relating to listed issuers and other minor Rule amendments.

As the title suggests, the Exchange's proposals covered diverse areas ranging from corporate governance, documentary requirements relating to structured products, to house keeping amendments. In this article, we concentrate on proposals relating to directors and board committees only, which, for the purpose of simplicity, are presented in tabulated form and reference is made to the Main Board Listing Rules (the "Rules").