Public companies listed on two Hong Kong indices have seen a major improvement in corporate governance, but there is still work to do, according to PwC Hong Kong.
Public companies listed on the Hang Seng Index (HSI) and the Hang Seng Chinese Enterprise Index (HSCEI), have seen a major improvement, according to a new report by PwC Hong Kong.
The annual report said that 92% of the firms they reviewed have improved their internal controls and risk-management systems, which is a 23% increase from last year.
Regarding both of the Hong Kong indices, HSCEI has made the largest gain, with a 25% increase in the number of firms that are making appropriate disclosures.
According to the report, the HSCEI has made a noteworthy attempt to improve disclosures in managing and identifying risk, with now 80% of
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