The highest-paid independent non-executive director (INED) of a Hong Kong-listed company in 2024 made US$1.67 million, nearly 2,000 times what the lowest-paid INED received, drawing attention to a potential disconnect between pay and the responsibilities of the role. The lowest-paid INED received 6,000 yuan (US$867.94) in 2024, according to a survey by the Hong Kong…
Hong Kong authorities have launched a professional services platform to provide support for mainland Chinese companies expanding overseas, while boosting business opportunities for local sectors. Speaking at the launch ceremony for the Hong Kong Professional Services GoGlobal Platform on Saturday, Deputy Secretary for Justice Horace Cheung Kwok-kwan said the sectors’ international outlook, uncompromising standards and…
Corporate governance is the framework of rules, policies and practices that guide how a company is directed and controlled. For listed companies, strong corporate governance is not just a regulatory requirement but a critical factor in ensuring long-term sustainability, investor confidence and operational efficiency. Li FaiPartner Jingtian & GongchengHong KongTel: +852 2926 9338Email: fai.li@jingtian.com The…
At a factory in southern China, hundreds of assembly-line workers wearing blue caps churn out kitchenware and grilling accessories for global retailers including Walmart Inc. The vast shop floor — almost the size of six soccer fields — is a hive of activity as everything from grill tongs to food storage containers are assembled and…
Welcome to Weather Watch, our weekly newsletter on how the planet’s ever wilder weather patterns are impacting the global economy. Got feedback and forecasts? Write us at weatherteam@bloomberg.net. And sign up here if you’re not on the list already. When there’s volatile weather, revenues of energy and agricultural companies can be put at risk. And…