Highlights

Further to the Hong Kong Stock Exchange issuance of consultation conclusion on the review of the Corporate Governance Code (CG Code) in Dec 2021, the new requirements of the CG Code have come into effect for listed companies with financial year commencing on or after 1 Jan 2022.  Among the requirements, corporate culture is a newly added element where listed companies are required to disclose their cultural practices based on the “Comply or explain” requirement.  Besides, HKEx has also set out the scope of disclosure in its Corporate Governance Guide for Boards and Directors that stakeholders would expect for listed companies’ reference.  Unlike internal control procedures in business processes that can be substantiated with identifiable attributes and actions, culture is usually implied and referred to as “unwritten ground rules” in an organisation.  How should the board establish the desired corporate culture? How many types of culture are there? How to assess and monitor culture?

In this webinar, we will answer all these questions through the followings:

• Corporate culture and the role of the board
• Four pillars of governing culture
• Role of internal auditor in corporate culture 

Speaker(s)

Ricky Cheng, Director and Head of Risk Advisory Services, BDO

Ricky Cheng is a director and head of risk advisory of the firm, with major responsibility in the area of risk advisory services. He specialises in assisting clients in managing their internal audit function and meeting corporate governance requirements in both China and Hong Kong.

Ricky has over 20 years of risk and assurance experience. He worked for large international accounting firms and had commercial internal audit experience. He has hands-on experience in a various services such as Sarbanes-Oxley Compliance, risk management assessment, compliance assistance, corporate governance compliance review, internal audit assistance, business process review, Environmental, Social and Governance (ESG) readiness and reporting support services review, stored value facilities (SVF) licence independent assessment review, etc.