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 of Independent Non-Executive Directors in locally incorporated authorized institutions. The document outlines specific measures to empower INEDs, ensuring they have adequate resources and access to information to effectively oversee management and protect stakeholder interests. These requirements aim to strengthen corporate governance standards within the Hong Kong banking sector by clarifying the duties and capabilities of independent board members.
CIR
Current
Issue Date:
14 Dec 2016
20161214-2-EN.pdf (215.2 KB)
Topic:
Capacity Building - Others
Corporate Governance - Board Directorship
Keyword:
Group:
All Authorized Institutions
Locally Incorporated Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
CIR
Current
14 Dec 2016
Empowerment of Independent Non-Executive Directors (INEDs) in the Banking Industry in Hong Kong
CIR
Current
14 Dec 2016
Empowerment of Independent Non-Executive Directors (INEDs) in the Banking Industry in Hong Kong
Cross referenced Document
Version History
Superseded Document
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