Hong Kong Regulations

BANKING (DISCLOSURE) RULES - SECT 52

Corporate governance

An authorized institution shall disclose—

   (a)  the roles, functions and composition of any key committees established
        by its board of directors including any executive committee, credit
        committee, asset and liability committee or audit committee;

   (b)  the extent of its compliance with the guideline in the Supervisory
        Policy Manual module CG — 1 issued by the Monetary Authority and
        entitled "Corporate Governance of Locally Incorporated Authorized
        Institutions"; and

   (c)  particulars of, and the reasons for, any failure by it to comply with
        the guideline referred to in paragraph (b).