Asian Corporate Governance Association criticises Hong Kong’s “soft-touch approach” and calls for gender quotas and fixed terms for non-execs.
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An influential corporate governance group has called on the Hong Kong Stock Exchange to change track on proposals that could transform company attitudes towards non-executive terms, boardroom diversity and splitting the roles of chair and chief executive roles.
The Asian Corporate Governance Association (ACGA) makes the calls in a letter responding to a consultation conducted by the Hong Kong Stock Exchange on governance and rules for listed companies.
ACGA calls on the stock exchange to introduce gender quotas for boards and argues proposed measures to encourage more diversity do not go far enough. “Given the very slow pace of change
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