HONG KONG, Dec 6, 2016 - (ACN Newswire) - The Hong Kong Institute of Directors ("HKIoD") announced and honoured winners of the Directors Of the Year Awards ("DYA") 2016 today at its Annual Dinner held at the Hong Kong Convention and Exhibition Centre. "Corporate Sustainability - The Board's Crucial Role" is the theme of the Awards this year and the success stories of the winners make good examples for local organisations and can inspire their peers to help enhance the standard of corporate governance in Hong Kong.
The opening ceremony of the event was hosted by Mr Henry Lai, Chairman of HKIoD, with Professor K C Chan, Secretary for Financial Services and the Treasury, as the Guest of Honour addressing participants.
Mr Henry Lai, Chairman of HKIoD, said, "Hong Kong has been in an envious position to draw investment captial through the propagation of corporate governance in its investment platform. It is of utmost importance for the business community of Hong Kong to preserve our city's favourable status as a leading financial hub. HKIoD has worked hard over the years at advocating, educating and promoting good corporate governance. Directors Of the Year Awards recognise directors who perform excellently in corporate governance. We are delighted to see the continual high quality of the winners. This reflects society's rising expectation and the growing awareness of corporate governance in different sectors."
Mr Carmelo Lee, Co-chairman of the Organising Committee of DYA 2016, said, "Hong Kong's business environment changes constantly at the impact of complex global happenings. Directors are required to lead their organisations in corporate sustainability. It is evident that the boards shoulder crucial responsibilities and have far-reaching influence in shaping the culture of a company in corporate governance, particularly driving ESG policies. Hats off from HKIoD to this year's award-winning directors, who have demonstrated good practices in this regard."
Mr William Lo, Co-Chairman of the Organising Committee of DYA 2016, said, "The most critical factor that can decide whether a corporation will see healthy and sustainable development is whether its directors are able to set up frameworks and put into practice of good corporate governance. To achieve this, directors are required to keep abreast of up-to-date knowledge which in turn makes continuing professional development essential. We are pleased that the winners this year have demonstrated exemplary practices."
Dr Carlye Tsui, CEO of HKIoD, said, "HKIoD has always stayed abreast of the global corporate governance development trends in education and training programmes. In almost 20 years since it was founded, the Institute has launched various types of programmes to directors from all sectors, including listed companies, private companies and non-profit-distributing organisatons. In complement to the Directors Of The Year Awards project, HKIoD will continue to nurture directors, encourage them to fulfill the responsibilities they are entrusted with and also to join us in promoting and enhancing the corporate governance standards in Hong Kong."
The winners of the DYA 2016 in the various award categories are listed below.
Listed Companies (SEHK - Hang Seng Indexes Constituents)
- Board: Board of Directors, China Resources Power Holdings Company Limited
- Board: Board of Directors, China Resources Beer (Holdings) Company Limited
Listed Companies (SEHK - Non Hang Seng Indexes Constituents)
- Executive Director: Mr Abraham Chan, Founder, Chairman, Chief Executive Officer and Executive Director, PuraPharm Corporation Limited
- Executive Director: Mr Terry Ho, Executive Director, Chief Financial Officer, Company Secretary, Xtep International Holdings Limited
- Board: Board of Directors, Vinda International Holdings Limited
- Non-Executive Director: Mr Andrew Weir, Board Chairman, Plan International Hong Kong
Recognition of Excellence in Board Diversity
- China Resources Power Holdings Company Limited
- Vinda International Holdings Limited
About Directors Of The Year Awards
First launched in 2001, Directors Of The Year Awards were the first ever such Awards organised in Asia. The project has now become an annual project of impact in the community. The objectives are to recognise directors and board of directors for outstanding director practices and corporate governance, to publicise the significance of good corporate governance and to promote awareness of good corporate governance and director professionalism in Hong Kong. Nominations are open to the public. As good corporate governance is vital to all types of organisations, and professional director practices are encouraged from directors in all board roles, the Awards recognise excellence in categories by company types, including listed companies, private companies and statutory/non-profit-distributing organisations, and categories by roles, including Executive Directors, Non-Executive Directors and Boards. For more details on the previous years' Awards, please visit http://www.hkiod.com/dya-awardees.html
About The Hong Kong Institute of Directors
The Hong Kong Institute of Directors is Hong Kong's premier body representing directors to foster the long-term success of companies through advocacy and standards-setting in corporate governance and professional development for directors. A non-profit-distributing organisation with membership consisting of directors from listed and non-listed companies, HKIoD is committed to providing directors with educational programmes and information service and establishing an influential voice in representing directors. With international perspectives and a multi-cultural environment, HKIoD conducts business in biliteracy and trilingualism. Website: http://www.hkiod.com.
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Directors Of The Year Awards 2016 Enquiries:
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Dec 6, 2016 17:00 HKT/SGT
Source: The Hong Kong Institute of Directors
Topic: Press release summary
Sectors: Daily News
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