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Update No. 108

Note to subscribers for the amendments to

the rules governing the listing of securities (the "Listing Rules")

Update No. 108

 

September 2013

Dear Sirs,

 

Listing Rule amendments to the Corporate Governance Code and Corporate Governance Report relating to board diversity
 

We enclose reprinted pages of the Listing Rules and the filing instructions.  The reprinted pages incorporate amendments to implement proposals in the “Consultation Conclusions on Board Diversity” published on 13 December 2012.

We have amended the Listing Rules to:

B02A24241D934714AD273561037F6D6D introduce a Code Provision in the Corporate Governance Code and Corporate Governance Report that requires issuers – on a “comply or explain” basis – to have a policy concerning diversity in the board, and to disclose that policy in their Corporate Governance Report; and
B02A24241D934714AD273561037F6D6D introduce a requirement that if the issuer has a board diversity policy, the disclosure in its Corporate Governance Report concerning the nomination committee should include any measurable objectives that it has set for implementing the policy, and progress on achieving those objectives.
 

Coming into effect

The amendments will come into effect on 1 September 2013.

Please click HERE to see the amendments to the Main Board Listing Rules relating to board diversity.

 

Yours faithfully,

For and on behalf of
The Stock Exchange of Hong Kong Limited

David Graham
Chief Regulatory Officer and Head of Listing


Updated 29 Aug 2013