In addition to applications received in response to this news release, the Listing Nominating Committee will consider reappointing existing Listing Committee members. Unsuccessful applications from previous years have not been retained. Any such applicant wishing to be considered for appointment this year should submit an application.
Listing Committee members play an important role in the Hong Kong listing regime and the Hong Kong market. Members make a significant personal contribution to public service and to the success of Hong Kong’s development as a leading international finance centre.
The Listing Committee comprises at least 28 members including: the HKEX Chief Executive, who is an ex-officio member; at least eight appointed investor representatives; and 19 appointed members who are a balance of representatives of the industry.
In order to achieve an appropriate balance of membership, the Listing Nominating Committee is therefore particularly interested in receiving applications from individuals who would be able to represent the views of investors, listed issuers and market practitioners.
For information about the role of the Listing Committee and its mode of operation, please refer to the Listing Committee's Annual Report for 2015.
The Listing Committee meets at least weekly and members are generally expected to attend half of the regular meetings in addition to some special meetings such as quarterly policy meetings, disciplinary meetings and review meetings. It is therefore a significant time commitment. HKEX offers a fixed annual fee of $100,000 for regular Committee members, $125,000 for the Deputy Chairmen and $150,000 for the Chairman on account of attendance at, and preparation for, regular, policy, disciplinary and review meetings.
In deciding to make an application, applicants should be aware of the Joint Consultation Paper on Proposed Enhancements to The Stock Exchange of Hong Kong Limited's Decision-making and Governance Structure for Listing Regulation issued by the Securities and Futures Commission (SFC) and SEHK on 17 June 2016.2 The consultation period ended on 18 November 2016.
Applications for nomination to the Listing Committee may be made by letter and must be accompanied by a resume. They should be marked confidential and delivered to David Graham, Secretary to the Listing Nominating Committee, 11/F One International Finance Centre, 1 Harbour View Street, Central, Hong Kong, or by email to LNCSecretary@hkex.com.hk, or by facsimile to 2812-2862. Applications will be treated in strict confidence. Personal data provided will only be used for the purpose of application for appointment to the Listing Committee.
Applications should be submitted on or before 31 March 2017. Applicants selected for an interview will be notified in the second quarter of 2017.