BDO’s recent findings on corporate governance of HK listed companies

BDO Hong Kong released the latest annual study – Corporate Governance Review (the Report), which is an extensive analysis of the corporate governance practices of major Hong Kong listed companies. This year we covered a total of 232 Hang Seng Composite Index (HSCI) companies in the review.

The Report found a continuous decline of companies stated that annual reviews of the effectiveness of their internal controls had been conducted. The declining trends are: Hang Seng Index (HSI) (from 100% in 2009 to 91% in 2011), HSCI (from 94% to 88%) and Hang Seng China Enterprises Index (HSCEI) (from 100% to 85% to 79%) companies. Moreover, fewer companies provided detailed explanations about their reviews of internal controls – only 15% of HSCI companies did so.

The Report also reviews the compliance with mandatory code provisions, recommended best practices of the Code on Corporate Governance Practices and particular subjects of interest.

To obtain the Corporate Governance Review report, please visit http://www.bdo.com.hk/publications_risk.php

 

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s