Following the last round of amendments that came into effect on 1 January 2022, on 14 June 2024, Exchange published the ‘Review on Corporate Governance Code and Related Listing Rules’ (Paper) outlining its latest proposed amendments to the Corporate Governance Code (Code) and related listing rules. The proposals include major changes (rule/code provision (CP)/mandatory disclosure requirement (MDR)) in:
- Elevating board effectiveness
- Strengthening independence (INEDs)
- Further promotion of board and workforce diversity
- Enhancing risk management and internal control
- Other amendments to listing rules
The consultation period will end on 16 August 2024. The effective implementation date of the above proposals is proposed to be 1 January 2025, with a transition period of three years in certain proposals (ie requirements will apply starting from 1 January 2028). Considering the above proposals may come into effect as early as 1 January 2025, issuers should start making preparations as soon as practicable to satisfy the possible upcoming requirements.
In addition with a brief summary of the proposals made in the current consultation, this 90 minute forum will provide a platform for group discussions to exchange views on the significant proposals in the Paper, their implications and considerations with the aim to collect practical feedback and views about the proposals, as well as to share best practices and strategies for successful and practical implementation.
Speaker and moderator
RICKY CHENG, Director and Head of Risk Advisory, BDO
Ricky Cheng is BDO ’s Director and Head of Risk Advisory, with major responsibility in the area of risk advisory services. He specialises in assisting clients in managing their internal audit function and meeting corporate governance requirements in both China and Hong Kong.
Ricky has 20 years of risk and assurance experience. He worked for large international accounting firms and had commercial internal audit experience. His expertise covers various services such as Sarbanes-Oxley Compliance, risk management assessment, compliance assistance, corporate governance compliance review, internal audit assistance, business process review, Environmental, Social and Governance (ESG) readiness and reporting support services review, stored value facilities (SVF) licence independent assessment review, etc.
The portfolio of clients managed by Ricky comes from various industries including transportation, property development and construction, gaming and entertainment, hospitality, manufacturing, gold and minerals mining, fast moving consumer goods, retailing and department chain stores, financial institutions such as brokerage houses and derivative products companies.
Ricky is a frequent event speaker of related topics for professional body organisations and training for listed and non-listed companies.
Current and past professional/public appointments
- Governor, The Institute of Internal Auditors Hong Kong (2021 – present)
- Advisory Board member of Global Centre of ESG Education and Research, The Hong Kong Management Association (2021 – present)
- Member, Advisory Peer Group of The Hong Kong Metropolitan University (2020 – present)
- Chairman, Research and Education Committee of The Institute of Internal Auditors Hong Kong (2021 – present)
- Member, Sustainability Committee of The Hong Kong Institute of Certified Public Accounts (2018 – present)
- Member, Training Committee of The Hong Kong Institute of Directors (2013)
- Member, ACCA Hong Kong Committee (2011 – 2013)
Qualifications and professional affiliations
- Fellow of the Hong Kong Institute of Certified Public Accountants
- Fellow of the Association of Chartered Certified Accountants
- Certified Internal Auditor
VIVIAN CHOW, Director of Risk Advisory, BDO
Vivian Chow is a director of Risk Advisory Services.
She has over 19 years of experience working with multi-national publicly and privately held organisations across a wide array of industries include working with clients to achieve corporate governance compliance, SOX compliance readiness, ERM advisory, internal audit/internal control assistance, business process re-engineering and implementation, and various regulatory compliance review including Hong Kong listed company resumptions, Foreign Corrupt Practices Act (FCPA), and Special Purpose Acquisition Companies (SPACs).
Her wealth of experiences also extends to assisting non-profit boards and overseeing government and quasi-government with governance, compliance and internal control review engagements, as well as independent audit risk assessments.
As a dedicated and passionate advocate for sustainability, environmental and socially responsible investing space, Vivian is also a Certified Environmental Social Governance Analyst CESGA. She is a frequent speaker of various subject matter in her practice at business and academic forums and listed and non-listed companies.
Qualifications and professional affiliations
- Certified Public Accountant (United States)
- Certified Environmental Social Governance Analyst CESGA
Details are as follows:
| Date | : | Thursday, 8 August 2024 |
| Time | : | 15:00 – 16:30 |
| Venue | : | BDO Limited |
| 25th Floor, Wing On Centre, 111 Connaught Road Central, Hong Kong | ||
| (Sheung Wan Wing On Department Store’s building) | ||
| Language | : | Cantonese, supplemented with English materials |
| Fee | : | Free of charge |
| CPD unit* | : | 1.5 hours* (The recognition of CPD hour by your professional organisations is subject to their CPD policies.) |
| Remarks | : | 1. For any enquiries, please contact Ida Cheung at +852 2218 3714 or idacheung@bdo.com.hk. |
| 2. Confirmation will be sent to you by email after successful registration. | ||
| 3. The organiser reserves the final right of acceptance of registration. |