Review of corporate governance code and related listing rules - Consultation conclusions

January 2025

On 19 December 2024, the Stock Exchange of Hong Kong Limited (the “HKEX”) published the consultation conclusions following the consultation paper on Review of Corporate Governance (“CG”) Code (the “CG Code”) and related Main Board (“MB”) and GEM Listing Rules (the “Listing Rules”). 

The amendments to the CG Code and Listing Rules aim at striking an appropriate balance between advancing good corporate governance practices in Hong Kong, addressing the practical concerns of listed issuers and improving the board effectiveness. The phased implementation will provide issuers with greater flexibility and more time to make these governance improvements at an appropriate pace. 

The new rule will come into effect on 1 July 2025, with transitional arrangements for certain new requirements. 

In this news flash, we outline the key highlights of the amendments under the consultation conclusions.