HONG KONG, Dec. 9, 2014 /PRNewswire/ -- Winners of the "Hong Kong Corporate Governance Excellence Awards 2014" showed exceptional board leadership and procedures that ensure sound implementation of governance measures while sustainability concept received senior level attention and are integrated with the overall risk management process.
The results of "Hong Kong Corporate Governance Excellence Awards 2014" were announced at this evening's gala dinner which doubled as the 12th Anniversary celebration of the Chamber of Hong Kong Listed Companies ("CHKLC"), the organizer of the annual awards programme.
According to Dr. Eddy Fong, Chairman of the Judging Panel, the winners have tailored their governance polices and principles to tackle the risks and challenges facing their organizations or industries rather than just following standard code of practice.
"In addition, winning companies recognize sustainability is an integral part of sound corporate governance and is closely linked to the long term development and prosperity of a company; they have therefore made much efforts in that area," said Dr. Fong.
The winners of 2014 Awards are Hang Lung Properties Limited and Lenovo Group Limited in the Category for Hang Seng Index Constituents; AAC Technologies Holdings Inc. and China Pacific Insurance (Group) Company Limited in the Category for Hang Seng Composite Index Constituents. In Sustainability Awards, the two winners are VTech Holdings Limited and Lenovo Group Limited.
Mr. Patrick Sun, Chairman of CHKLC congratulated the winners: "We are particularly pleased to see many of our winners this year are first time entrants, showing that more companies see the value of the awards programme and the recognition it represents and are willing to step up to share their experience."
Mr. Sun noted: "The winners come from very different industry backgrounds and differ in size which shows good corporate governance is not exclusive to large companies with huge resources.
"We are much encouraged to see sustainability measures are receiving whole hearted attention from companies. They are fully integrated into the business operations and treated as part of the risk management process, and are closely linked to the long term prosperity of the companies themselves."
Ms. Au King Chi, Permanent Secretary for Financial Services and the Treasury (Financial Services), Hong Kong Government was the Keynote Speaker of the Awards Gala Dinner. Mr. Carlson Tong, Chairman of the Securities and Futures Commission attended as the Officiating Guest.
Mr. Sun continued: "The Hong Kong Corporate Governance Excellence Awards has become a hallmark event in promoting corporate governance. It gives recognition to companies that excel and provides the impetus for others to continually improve. Corporate governance represents respect of shareholder rights and values, board and management integrity and degree of transparency and accountability. The Chamber is proud to be organising the Awards programme and contribute to the raising of Hong Kong's corporate governance standard and, hence, market quality."
The Hong Kong Corporate Governance Excellence Awards 2014 is sponsored by Dah Sing Banking Group Limited as Diamond Sponsor; Quam Financial Services Group as Gold Sponsor; BDO Limited and Diligent as Bronze 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 and Today IR are Online Media Partners, and finance.qq.com is Exclusive Mainland Online Media Partner.
For media enquiries
Amy Leung, CHKLC Secretariat
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.
For details of the Awards Programme and members of the Judging Panel, please visit www.chklc.org
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 mainland 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 in 2012.
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, mainland 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.
The Chamber of Hong Kong Listed Companies
Room 3710, 37/F, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong
Tel.: (852) 2970 0886 Fax: (852) 2970 0555 Website: www.chklc.org
