Regulatory Alerts2023-01-01
Revised Corporate Governance Rules
The Exchange issued revised Corporate Governance Rules effective October 2023, requiring listed entities on the Main Market and Empower Board to comply with updated standards on a continuous basis. The regulations mandate the establishment of specific board committees, strict fit and proper criteria for directors and CEOs, and enhanced independence definitions including an age cap of 70. Entities must disclose their compliance status in annual reports and implement policies covering board conduct, remuneration, and risk management by staggered deadlines through October 2024.
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