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Winners Announced for Hong Kong Corporate Governance Excellence Awards 2017

Winners excel in board leadership, risk management and shareholder communication; sustainability strategy integrated with core business

HONG KONG, Dec. 14, 2017 /PRNewswire/ -- Winners of the "Hong Kong Corporate Governance Excellence Awards 2017" were announced at this evening's gala dinner which doubled as the 15th Anniversary celebration of the Chamber of Hong Kong Listed Companies ("CHKLC"), the organizer of the annual awards programme.

Dr. Philip Tsai, Chairman of the Judging Panel, congratulated winners and commented: "The winners perform extremely well in key areas such as board leadership, risk management and shareholder communication. In addition, they display notable achievements in sustainability."

"Many of our winners integrate their sustainability strategy with their core businesses, allowing them to leverage on their core strength to achieve stronger results in their sustainability efforts, which is most encouraging," he added.

The winners of 2017 Awards are AIA Group Limited, China Life Insurance Company Limited, China Mobile Limited and Link Real Estate Investment Trust in the Category for Hang Seng Index Constituent Companies; Hysan Development Company Limited and CRRC Corporation Limited in the Category for Hang Seng Composite Index Constituent Companies. China Pacific Insurance (Group) Company Limited and China Merchants Bank won in the newly created Hang Seng China (Hong Kong-listed) 100 Index Constituent Companies, while Postal Savings Bank of China became the winner in the Category for the Newly-listed Companies, also created this year..

Picking up the Sustainability Excellence Awards this year are China Everbright International Limited and China Mobile Limited.

Mr. Francis Leung, Chairman of CHKLC said: "Corporate governance is the cornerstone of success of any stock market. It underlines the integrity of our issuers, effective board leadership, a commitment to transparency and accountability, a high awareness of risk management and internal control, as well as strong ethical values towards the society and environment."

"The Chamber is proud of providing this platform to showcase success of our leading companies in corporate governance and sustainability and to encourage others to emulate and to excel," he added.

On the occasion of CHKLC's 15th Anniversary, Mr. Leung remarked that he was privileged to be the Chairman of the Chamber for the past three years, at a time when the market was hotly debating how it should move forward in order to consolidate Hong Kong's position as a leading financial centre, especially in the New Economy era. 

"This whole subject touches on many aspects, being what kind of companies and products the market demands; what market infrastructure, governance structure and form of investor protection are appropriate, how we remain competitive in attracting new companies and products to our market, and how risks should be managed," he said.

"The key question though is whether we are going to stick to what we are familiar with, or leave the comfort zone to embrace the winds of change. The Chamber is pleased to note that the Government now favours the admission of companies with non-standard governance structure to our stock market, and believe that this is the right way forward for Hong Kong," he concluded.

Madam Qiu Hong, Deputy Director, Liaison Office of the Central People's Government in the Hong Kong Special Administrative Region and the Honourable Mr. Paul Chan, Financial Secretary of the Hong Kong SAR Government were Guests-of-Honour of the Gala Dinner.  Financial Secretary Paul Chan also delivered a keynote address on the financial and economic prospects of Hong Kong.

For media enquiries
Amy Leung, CHKLC
Tel: (852) 2970 0886  /  Email: info@chklc.org

About the Hong Kong Corporate Governance Excellence Awards

"The Hong Kong Corporate Governance Excellence Awards" are conferred annually since 2007 by the Chamber of Hong Kong Listed Companies and the Centre for Corporate Governance and Financial Policy, Hong Kong Baptist University.

The Awards aim to foster the highest standards in corporate governance, business ethics and board leadership in Hong Kong; recognize excellence; showcase best practices and accomplishments, and thereby promote a strong corporate governance culture.

The Award provides recognition and prestige for listed companies in achieving outstanding commitment to shareholder rights, compliance, integrity, fairness, responsibility, accountability, transparency, board independence & leadership, and corporate social responsibility.

The Hong Kong Corporate Governance Excellence Awards 2017 is supported by CFIG as Diamond sponsor, China Oceanwide International Financial Limited as Gold Sponsor and BDO Limited as Bronze Sponsor. Grant Thornton International Ltd and Moore Stephens CPA Limited as Collateral Sponsors. In addition, Hong Kong Economic Times is Sole Chinese Media Sponsor; Metro Finance is Exclusive Radio Partner, PR Newswire is Regional News Distribution Partner; Quamnet, irasia.com, EQS TodayIR and Finet are Online Media Partners, and the Chinese Edition of Bloomberg Businessweek is Print Media Partner.

For details of the Awards Programme and members of the Judging Panel, please visit www.chklc.org

Notes to Editors:

About the Chamber of Hong Kong Listed Companies

Incorporated in September 2002, CHKLC is a non-profit organisation serving listed companies in Hong Kong. The Chamber strives to promote sound corporate governance, function as an effective communication channel between listed companies and regulatory authorities, strengthen the commercial linkage and foster co-operation among listed companies from Hong Kong and China and uphold Hong Kong's position as an international trade, commercial and financial centre.  Since 2007, the Chamber organises the annual Hong Kong Corporate Governance Excellence Awards jointly with the Hong Kong Baptist University to advocate best practices of corporate governance and recognise excellence, and in 2008 and 2009 organised the Listed Companies Conference to provide a forum of discussion of stock market issues on a regular basis.  This event was held in Shanghai and Shenzhen in 2012 and 2014, respectively.

About the Centre for Corporate Governance & Financial Policy of Hong Kong Baptist University

The Centre aspires to be a Centre of Excellence on corporate governance in the region. It promotes quality policy and academic research on corporate governance and related financial policy issues covering Hong Kong, China and the Asia-Pacific economies, with the aim to improve the quality of corporate governance practices. Additionally, the Centre provides professional executive education activities to disseminate knowledge and advance the highest ideals of responsible business leadership. Through consultancy projects, the Centre also assists organisations to design, improve and assess their corporate governance systems and structures.

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Source: The Chamber of Hong Kong Listed Companies
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