Nomination and diversity on Hong Kong boards: Best practice and in practice

This is the first study to examine Hong Kong’s progress one year after the Hong Kong Corporate Governance Code was amended to introduce “comply or explain” requirements around diversity policies. The findings highlight that the regulations in Hong Kong are now broadly in line with international best practice but more must be done by Hong Kong listed companies to implement these regulations and, in particular, to take diversity into account in appointment of directors and senior management and to set measurable objectives against which to assess board diversity and nominating committee processes