Awards of Excellence in Corporate Governance
Companies considered for the Awards of Excellence in Corporate Governance should demonstrate commitment and achievement in the following areas of corporate governance:
Awards of Excellence in ESG
Companies considered for the Awards of Excellence in ESG should demonstrate commitment and achievement in the following areas of ESG:
In their assessment, the ERP and Judging Panel will consider the candidate companies’ efforts and achievements in complying with or exceeding the Stock Exchange of Hong Kong’s various new rules and requirements under respective criterion.
Award policies and selection process/criteria will be overseen by a joint CHKLC-CCGFP Award Organizing Committee (AOC). The selection process will involve an Expert Review Group (ERG) and an Award Judging Panel (AJP). Selection process goes through two rounds.
The ERG comprises independent expert assessors from various sectors. Each entry is reviewed independently by two assessors using an assessment model based on the self-completed questionnaire and studying the entrant’s performance of corporate governance and ESG practices in accordance with the aspects of respective criteria with reference to published information.
In addition, each candidate company is requested to provide supplementary information in no more than 800 words (in either English or Chinese) to illustrate the company’s corporate governance or ESG beliefs, new endeavours, or major achievements. A case study can be used as illustration. Companies who have participated in the Awards Programmes in previous years and taken part in the interview with the Judging Panel may elect to highlight any improvements made since then based on feedbacks or comments from the judges, if appropriate.
Separation write-ups are required for the Award of Excellence in Corporate Governance and the Award of Excellence in ESG.
As our ERG would review prublished annual and / or ESG reports as part of its evaluation, additional and updated information or a highlight description is preferred. Those satisfying the basic criteria will be short-listed. The ERG then reviews and ranks all short-listed entries, comparing their strengths, weaknesses and achievements. Top entries are recommended for further consideration by the AJP.
The short-listed finalist companies will be invited to make a 20-minute verbal presentation followed by questions from the AJP for 15 minutes during the AJP meeting. Finalists are expected to showcase and highlight their achievements in corporate governance or ESG in accordance with the respective criteria during the AJP meeting.
Decisions of AJP
The Award Judging Panel may usually recommend three awards in each sub-group of both “Excellence in Corporate Governance” and “Excellence in ESG” Award Categories (The number of awards may be adjusted at the sole discretion of the Awards Juding Panel). The Awards Judging Panel reserves the right to withhold awards if the required standards are not met.
Honourable Mentions may also be awarded to companies not attaining the required standard of an Award as an encouragement.
*The decision of the AJP is final and no appeal or correspondence will be entertained.