Company wins award for best corporate governance
( 2003-11-11 22:41) (Xinhua)
COSCO Pacific Limited was
named on Tuesday as the winner of the Significant Improvement Award in a
corporate governance disclosure competition organized by the Hong Kong Society
of Accountants (HKSA).
It is the first time that a mainland business corporation listed on the
mainboard of Hong Kong's Stock Exchange was amongst the winners in the Hong
Kong's Best Corporate Governance Disclosure Awards (BCGD).
The awards aim to promote improvements in the standard of corporate
governance disclosures in Hong Kong, and to give recognition to those companies
or organizations that exemplify the best corporate governance in their class,
according to HKSA.
CLP Holdings Ltd., although a previous awardee, was the winner of the Diamond
Award in the Hang Seng Index Category for the first time. The other two winners
in this category were HSBC Holdings Plc (Platinum Award) and for the second
year, Li & Fung Ltd. (Gold Award).
In the Non-Hang Seng Index Category, Hong Kong Exchanges and Clearing Ltd.,
Standard Chartered PLC, and Kerry Properties Ltd. were winners of the Diamond,
Platinum and Gold Awards, respectively. The annual report of Media Partners
International Holdings Inc. was also considered by the jury to be worthy of
mention in the Non-Hang Seng Index category.
The Hong Kong Securities and Futures Commission, Airport Authority Hong Kong,
and Kowloon-Canton Railway Corporation were the Diamond, Platinum and Gold
Awards winners in the category of Public Sector/Non-for-Profit Organizations.
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