Good corporate governance is indispensable to Hong Kong's development.
Secretary for Financial Services & the Treasury Prof KC Chan made the statement today when addressing the Corporate Governance Roundtable organised by the Companies Registry.
He said the high standard of corporate governance has strengthened the competitiveness of Hong Kong.
"As a leading international financial and business centre, Hong Kong attaches great importance to corporate governance. We believe that for companies to be successful, competitive and sustainable in the long term, a high standard of governance is indispensable."
In addition to sharing how the Government enhances corporate transparency and company information disclosure, Prof Chan also touched on the corporate governance of listed companies.
He said market quality should be upheld and investors' interests protected for the sustained competitiveness of the listing market in Hong Kong.
Attended by 350 participants, the roundtable is one of the events to celebrate the 20th anniversary of the establishment of the Hong Kong Special Administrative Region.
It includes discussions on corporate governance reforms and implementation strategies, corporate transparency, board leadership and risk management.
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