A number of distinguished guests, including leaders from Hong Kong's public and private sectors and Mainland officials, shared insights and exchanged views with participants during the Conference. The essence is featured below.
"a breakdown in corporate governance and integrityˇK these serious problems usually occur when the topmost echelon (i.e. the board of directors) fail to lay down ethical standards for the corporation or the personal integrity of individual leaders falters when they seek personal gains on the pretext of fulfilling the corporation's aspirations. Secondly, though the board of directors has laid down an ethical framework, the management fails to set up a sound mechanism to implement it. Thirdly, even if there are a framework and a mechanism for implementation, the lack of effective supervision deprives the management and the board of directors of any knowledge of any breach by their executive."
"Good corporate governance can strengthen risk
management and enhance corporate transparency, which in turn will positively upgrade the quality and image of the enterprise and increase the confidence of investors and lending institutions."
"We truly believe that we have the ability to brace ourselves against challenges and resolve the crisis. Through our concerted efforts, we can enhance economic development, safeguard the stability of the financial market of China and enjoy a brighter future by promoting ethics, strengthening supervision and building a clean government."
"Corporate governance is an on-going and ever-evolving process. Even in advanced and developed markets, the corporate governance frameworks are ever changing."
