icsi conference hong kong 12 may 2008 natalia seng president hkics
TRANSCRIPT
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ICSI Conference
Hong Kong
12 May 2008
Natalia SengPresidentHKICS
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HKICS Structure
• HKICS: Integral part of ICSA– Local independent professional body
• Local discipline• Local knowledge/expertise/experience
• Membership is divided into:– Ordinary members– International members
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HKICS Structure
– Approx. 5000 members/graduates– Approx. 2,600 students • Issues own post-nominals (FCS & ACS) plus
ICSA post-nominals (FCIS & ACIS)• Local post nominals equate to local knowledge• Gives regulators assurance • Local knowledge & expertise but with
international outlook• International qualification enhances ability to
attract students (not least on the Mainland)
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1. Hong Kong Exchanges & Clearing Limited : Listing rules Ordinary Members as CoSecs.
2. Direct Access to Bar (Hong Kong Bar Association)
3. Official Receiver’s Officei.e. act as Trustees in bankruptcy
4. Companies OrdinanceProfessional Company Secretary
Recognition
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Recognition
5. Authorised by HKMA to certify banking documents
6. Hong Kong Council for Academic Accreditation
7. LawSoc, SFC – CPD provider8. Other professional bodies
– e.g. HKICPA, LawSoc, CPA Aust, CIMA, ACCA, HK Bar Association, HKInst. of Arbitrators, HKIHRM, HKIoD…
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HKICS on the Mainland
Beijing Representative Office (“BRO”)• 1996 established BRO
– facilitate liaison with PRC regulators, government bodies, organisations and universities
– First HK professional body
Communications:CSJ – official journal (more Chinese)NewswiresWeb siteEmailRegular visits, staff and members
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Mainland (cont.)
• Focus on H-Share Companies – Mainland China incorporated Company
listed on Hong Kong Stock Exchange
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Affiliate Programme (AP) Objectives:• Good governance – Mainland/HK• Enhance Company Secretary Profession• Promote membership• Create career path• Mainland membership critical mass• Take Institute into Mainland
Mainland (cont.)
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AP Target Market:• H-Share Company Secretaries• Immediate subordinates• Students/graduates
Mainland (cont.)
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Mainland (cont.)
Phase II• Expand scope to A & B Share companies • Working with Shanghai Stock Exchange &
Shenzhen Stock Exchange on recognition• CSRC – influence is key
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• Started IQS examinations 2007• Negotiating with Mainland universities re
pre and post graduate corporate governance programmes
Mainland (cont.)
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• Promoting good governance and company secretaries via:
– HKICS Forums and conferences– Training programmes organised by other PRC
and Hong Kong organisations
Mainland (cont.)
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Challenges• Establishing profession on back of Board
Secretary– Senior position (min. DGM)– No formal qualification– Resources– Cut rate CoSecs?
Mainland (cont.)
– Opportunities for HK based members– Duty to expand profession
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THANK YOU !