DATE PUBLISHED: APRIL 25, 2025
Companies listed on Hong Kong’s HKEX index face hard limits on the tenures of their independent non-executive directors, as well as the number of boards and INED can join, as the stock exchange moves to bring its members in line with standards practiced in other Asian markets.
Hong Kong companies stand out against many of their Asian and Western peers for having longer tenured INEDs few lead INED roles and directors who hold a large number of board seats on different companies, known as “overboarding.” The new rules recommend the inclusion of a lead INED as best practice, but don’t make it mandatory.
Download the report to discover:
- Key Insights: ISS Corporate examined the differences between INED practices in Hong Kong and other major Asian markets (excluding Japan) for insights into directorship trends and how they may be changing.
- Potential Challenges: We also look at the wider Asian landscape to find out what potential challenges issuers may face in aligning with investor and regulatory pressure to change their boards’ composition.
