| Author : | Tommy C.K. Leung, Heather M. F. Lee*and Tony K. F. Chan |
|---|---|
| Category : | Journal Article |
| Department : | Accountancy |
| Year / Month : | 2023 / 04 |
| Source : | Law and Financial Markets Review, Volume 16, Issue 1-2, 162-176. DOI: https://www.tandfonline.com/doi/abs/10.1080/17521440.2023.2191788. |
Abstract
- This article discusses the recent extensive reforms on gender diversity rules in Hong Kong and the related possible challenges facing the listed companies and the regulators in implementing the reforms, with reference to those listing measures in the United Kingdom (UK), the United States (US) and the People’s Republic of China (PRC), particularly the UK from which Hong Kong has inherited the legal system. Several listed companies in Hong Kong are also randomly selected as samples for examination to evaluate the effectiveness and limitations of previous reforms on gender diversity launched in Hong Kong. It is suggested that clear, measurable and achievable targets are launched in phases, together with regular reviews and progress disclosures. More detailed guidance and regular communication with issuers on gender diversity should be provided to show strong top-level commitment from regulators/government for a sustainable development for diversity not only on boards but also in senior management and across the wider workforce.
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