Legal 500 Asia Pacific
Corporate governance rules regularly evolve, and even in a relatively light-touch regime like Hong Kong, new provisions can be onerous and companies do not always respond quickly. A year after changes to the Corporate Governance Code were introduced in 2012, research showed that over half of the major listed companies studied were non-compliant.
Yet there is more pressure than ever from shareholders, investors and regulators to ensure that companies have effective governance structures that protect shareholder value. This is particularly evident in the financial services sector, where regulatory challenges and litigation have been on the rise in recent years.
As Hong Kong’s largest and longest-established independent law firm, Deacons combines exceptional local knowledge with a reputation for ‘consistently accurate and reliable advice’ and high quality service standards and this has been noted by leading publications, such as Legal 500 Asia Pacific.
Our large team has considerable experience in advising clients, including banks and multinational companies, as well as funds, investors and individual directors, on a range of governance issues from board committee practices (including audit, compensation and risk committees) to fiduciary duties, director independence issues, related party transactions and much more. We literally ‘wrote the book’ on disclosure obligations – our publication on disclosure of interests is still regarded as definitive.
If you would like to discuss how we could help your company with any corporate governance issues, we would be delighted to hear from you.