The Hong Kong Exchanges and Clearing Limited ("the Exchange") has just announced that the proposal to upgrade the General Disclosures under the Environmental, Social and Governance (ESG) Guide to 'comply or explain' and other amendments will be effective in phases, with the first phase starting for issuers' financial years commencing on, or after, 1 January 2016.
The amendments to the Corporate Governance Code introduced in December 2014, incorporating risk management and effective internal controls, will also take effect for issuers' financial years commencing on, or after, 1 January 2016.
Originally published on 30 December 2015
Visit us at www.mayerbrown.com
Mayer Brown is a global legal services organization comprising legal practices that are separate entities (the Mayer Brown Practices). The Mayer Brown Practices are: Mayer Brown LLP, a limited liability partnership established in the United States; Mayer Brown International LLP, a limited liability partnership incorporated in England and Wales; Mayer Brown JSM, a Hong Kong partnership, and its associated entities in Asia; and Tauil & Chequer Advogados, a Brazilian law partnership with which Mayer Brown is associated. "Mayer Brown" and the Mayer Brown logo are the trademarks of the Mayer Brown Practices in their respective jurisdictions.
© Copyright 2016. The Mayer Brown Practices. All rights reserved.
This article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein. Please also read the JSM legal publications Disclaimer.
