Japan soars while Hong Kong sinks in corporate governance rankings

[ad_1]

HONG KONG — Japan’s corporate governance ranking in the Asia-Pacific region soared to an unprecedented second place behind only Australia, while Hong Kong slipped from the runner-up position to sixth, according to research released by the Asian Corporate Governance Association (ACGA) on Wednesday.

The ACGA, a Hong Kong-based non-profit organization, describes the latest rankings to be the “biggest shake-up” in over 20 years of this research, which has been scoring corporate governance of 12 markets in the region since 2003. The 11th “CG Watch” report — compiled in conjunction with CLSA, a unit of Chinese state-owned financial conglomerate Citic — was conducted by analyzing answers to 108 questions in seven categories from regulators, listed companies, auditors and other stakeholders.



[ad_2]

Source link