IN late September, Hong Kong's stock market regulator, the Hong Kong Exchanges and Clearing Ltd (HKEx), invited its stakeholders to respond to its consultation paper on having a more diversified board of directors in listed companies.
Briefly, the Hong Kong Exchange proposed in its paper that board diversity be promoted among listed companies, that diversity be demanded in the Corporate Governance Code; that the nomination committees of such boards develop and disclose a policy of diversity in their corporate governance reports.
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