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Since January 2019, all issuers have been required to disclose their board diversity policy, making Hong Kong the first jurisdiction to mandate such a policy.
HKEX’s consultation paper on the Corporate Governance Code and Corporate Governance Report proposes to put an end to single-gender boards, with a three-year transition period for existing issuers. The aim is to enhance board independence, promote board refreshment and succession planning, and strengthen the role of the nomination committee while also promoting board gender diversity.
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