Regulatory Alerts2016-12-14
Added · Updated
Empowerment of Independent Non-Executive Directors in the Banking Industry in Hong Kong
The Hong Kong Monetary Authority issued this circular to enhance the role and effectiveness of Independent Non-Executive Directors within the local banking sector. It establishes specific requirements for the capacity building and empowerment of these directors to strengthen corporate governance standards. The guidance applies to all authorized institutions and locally incorporated authorized institutions operating in Hong Kong.
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