1 12 月, 2021

The Hong Kong Institute of Directors Holds Annual Dinner and Presentation Ceremony for Directors of The Year Awards

HONG KONG, Dec 1, 2021 - (ACN Newswire via SEAPRWire.com) - The Hong Kong Institute of Directors ("HKIoD") announced the winners of the Directors Of The Year Awards ("DYA") 2021 at its Annual Dinner held at the Hong Kong Convention and Exhibition Centre. The central theme of this year's DYA is "Leading in New Normal". It aims to honour outstanding directors and boards who have fully grasped the recent changes in the business environment and demonstrated excellent leadership skills to lead their respective companies in adjusting their operating policies and striving for sustainable development under the "New Normal". A group photo brings together the 7 awardees (2nd row); guest of honour, Mr Christopher Hui, JP, Secretary of Financial Services and the Treasury Bureau (5th from left, 1st row); and Council Members of HKIoD.Dr Christopher To, Chairman of HKIoD, said, "The epidemic has turned everything on its head, but its impact was not solely negative. Under the new normal, society's digital transformation has taken a huge step forward, and corporates have been more focused on risk management, sustainability, the physical and mental health of employees, etc. These changes are great enhancements for the overall standard of corporate governance. It is therefore necessary for corporate leaders to shift their focus and strategies to respond to society's changing expectations. With the awards, we hope to honour those directors and boards who have committed to their position in the face of turbulence and adapted to the new normal with a positive attitude. Showcasing an actual example of outstanding corporate governance, we aim to encourage our peers in the business sector to proactively enhance their corporate governance framework." Mr Kenneth Wong, Chairman of the 2021 Directors Awards Organising Committee, said, "During the assessment process, I noticed that many companies have adopted governance models suited to the new normal, such as those that emphasise the importance of digitalisation or include the establishment of a special crisis management committee as standard procedure when facing an emergency, etc. Due to Hong Kong's previous experience in facing pandemic and difficult social situations, corporate decision-makers are more accustomed to facing these types of challenges and thus understand the importance of rapid and decisive decision-making in response to emergencies. With the current theme of 'Leading in New Normal', the Awards Organising Committee aims to recognise directors and boards who can respond to the challenges posed by the new normal in a timely manner, and encourage the Hong Kong business sector to work together to achieve the long-term goal of sustainable development." Dr Carlye Tsui, CEO of HKIoD, said, "The pandemic has greatly accelerated digital transformation and changed the operation methods of the business world, prompting company directors to ensure they keep their fingers on the pulse of trends and technological developments for the future. The comprehensive training courses offered by HKIoD have seen constant innovation, helping directors to understand the new normal and to effectively raise stakeholder confidence. Aside from providing suitable training and practice guidelines to members, HKIoD has also served as a platform for directors to share and exchange information, helping directors to 'Lead in New Normal'."The winners of DYA 2021 in the various award categories are listed below: Listed Companies CategoriesExecutive Directors:Mr KONG Qingwei, China Pacific Insurance (Group) Co., Ltd.Dr MA Mingzhe, Ping An Insurance (Group) Company of China, Ltd.Boards:Board of China Pacific Insurance (Group) Co., LtdBoard of Medialink Group LimitedBoard of Ping An Insurance (Group) Company of China, Ltd. Non-listed Companies CategoriesExecutive Directors: Mr YIP Kam Keung Alex, Lockton Companies (Hong Kong) LimitedStatutory/Non-Profit Distributing Organisations CategoriesBoards: The Council of Hong Kong Productivity Council About Directors Of The Year AwardsThe Hong Kong Institute of Directors ("HKIoD") is Hong Kong's premier body representing directors to foster the long-term success of companies through advocacy and standards-setting in corporate governance and professional development for directors. A non-profit-distributing organisation with membership consisting of directors from listed and non-listed companies, HKIoD is committed to providing directors with educational programmes and information service and establishing an influential voice in representing directors. With international perspectives and a multi-cultural environment, HKIoD conducts business in biliteracy and trilingualism. HKIoD is a member institute of the Global Network of Director Institutes, a worldwide alliance of leading director institutes.About The Hong Kong Institute of DirectorsThe Hong Kong Institute of Directors is Hong Kong's premier body representing directors to foster the long-term success of companies through advocacy and standards-setting in corporate governance and professional development for directors. A non-profit-distributing organisation with membership consisting of directors from listed and non-listed companies, HKIoD is committed to providing directors with educational programmes and information service and establishing an influential voice in representing directors. With international perspectives and a multi-cultural environment, HKIoD conducts business in biliteracy and trilingualism. Website: http://www.hkiod.com.Media Enquiries:Strategic Public Relations Group LimitedBrenda Chan +852 2114 4396 / brenda.chan@sprg.com.hkChak Yau +852 2114 4395 / chak.yau@sprg.com.hkDirectors Of The Year Awards 2021Enquiries:The Hong Kong Institute of Directors Odessa So +852 2889 4988 / odessa.so@hkiod.comJoanne Yam +852 2889 1414 / joanne.yam@hkiod.com Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

7 4 月, 2021

HKIoD Releases Revised Guide for INEDs

HONG KONG, Apr 7, 2021 - (ACN Newswire via SEAPRWire.com) - Amidst the economic decline for many sectors under the Covid-19 impact, the financial sector is faring with vibrancy. Witness the IPO line-up on HKEX and the financial trading activities. The investing public continues to place stake on listed issuers' performance, which comes with the expectation on corporate governance led by boards of directors. An important board role under public scrutiny is that of the independent non-executive director ("INED"). To provide up-to-date practice guidance, The Hong Kong Institute of Directors ("HKIoD") releases a complete revision of one of its flagship publications, Guide for Independent Non-Executive Directors ("the Guide").Drawing increasing attention from the public and in particular from regulators and stakeholders, the role of INED when performed well adds value to the board. Author of the Guide, Dr Carlye Tsui Wai-ling, CEO of HKIoD, highlights the implication, "Taking up an appointment as an INED carries with it an honour in trust bestowed, a commitment to service and acceptance of expectation in professionalism." The Guide aims to provide practice notes and advisory tips in concise and user-friendly reading, with highlights on principles for INEDs at work as well as practical aspects of work scope, issues, skills and working relationship with other board members and management. "The INED role calls for serious and diligent service," said Dr Christopher To Wing, Chairman of HKIoD. "While offering practice guidance to INEDs, we encourage the board and management as a team to work together. Hence, the Guide also facilitates teamwork on the board." The Guide is sponsored by the Corporate Governance Development Foundation Fund and the Office of the Privacy Commissioner for Personal Data, Hong Kong."INEDs may add value, not only to listed and regulated companies but also to all other types of companies," remarked Mr Henry Lai Hin-wing, Immediate Past Chairman of HKIoD and current Chairman of the institute's Corporate Governance Policies Committee. "While listed companies are mandated by Listing Rules to appoint INEDs to the board, non-listed companies may introduce diversity in perspectives on the board by appointing INEDs."One important emphasis of the Guide is on corporate sustainability through ESG adoption and reporting led by the board, with INEDs serving as catalyst. Dr Moses Cheng Mo-chi, Founding Chairman of HKIoD and a renowned INED, advocates ESG implementation and opined, "INEDs should be knowledgeable and proactive in driving ESG adoption and should ensure that ESG goals and achievements are communicated well by the company."Echoing on the teamwork of the board, Dr Kelvin Wong Tin-yau, Past Chairman of HKIoD and a recognised practitioner as both executive director and INED, said, "We will see a paradigm shift in INED focus, to both financial and ESG performance, and extension from independence to interdependence and interplay among all board members."On the significance of the INED role, Dr David Wong Yau-kar, Past Deputy Chairman of HKIoD and a well-respected business leader, highlighted, "INEDs must be seasoned in assessing business landscape and risks, particularly when the company engages in a major transaction or explores a new business line."Given the enormous obligations and responsibilities, it may not be easy to have suitable candidates coming forward to accept INED appointment. Dr Tsui concluded, "Usually INEDs are mission-minded persons who are appropriately trained and who advocate good corporate governance. It is significant to develop a partnership of mutual respect and trust between the INEDs and other board members as well as management. It takes the whole board and management, working together, to realise the maximum value from INEDs."HKIoD promotes excellence in director practices through its annual major project of Directors Of The Year Awards, honouring role models among individual director and the collective board. INEDs have been recognised at the Awards for their exemplary performance. Continuing in its 21st anniversary, the awards project this year takes on the theme "Leading in New Normal". Nominations for the awards are open to the public.The HKIoD Guide for Independent Non-Executive Directors can be downloaded for free and nominations of candidates for Directors Of The Year Awards 2021 are welcomed.1. Guide for Independent Non-Executive Directors : https://www.hkiod.com/INEDguide.html2. Directors Of The Year Awards 2021: https://www.hkiod.com/dya-current.htmlThe Hong Kong Institute of Directors ("HKIoD") is Hong Kong's premier body representing directors to foster the long-term success of companies through advocacy and standards-setting in corporate governance and professional development for directors. A non-profit-distributing organisation with membership consisting of directors from listed and non-listed companies, HKIoD is committed to providing directors with educational programmes and information service and establishing an influential voice in representing directors. With international perspectives and a multi-cultural environment, HKIoD conducts business in biliteracy and trilingualism. HKIoD is a member institute of the Global Network of Director Institutes, a worldwide alliance of leading director institutes. Media Enquiries:The Hong Kong Institute of DirectorsJoanne Yam +852 2889 1414 / joanne.yam@hkiod.com Strategic Public Relations Group LimitedBrenda Chan +852 2114 4396 / brenda.chan@sprg.com.hkChak Yau +852 2114 4395 / chak.yau@sprg.com.hk Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)