HONG KONG EXCHANGES AND CLEARING LIMITED The Listing Nominating Committee of The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), reminds potential candidates for its Listing Committee that the period for submitting applications for nomination to the committee will close on 15 January 2016.
As announced on 9 November 2015, the Listing Nominating Committee is seeking applications from individuals interested in serving on the Main Board's Listing Committee and the Growth Enterprise Market (GEM) Listing Committee. Appointments will be for a term of approximately 12 months commencing in July 2016. Similar to last year, the Listing Nominating Committee will interview short-listed candidates before appointments are made.
In addition to applications received in response to this news release, the Listing Nominating Committee will consider reappointing existing Listing Committee members who have served for less than the maximum term of six years prescribed by the Listing Rules. Unsuccessful applications from previous years have not been retained so everyone wishing to be considered for appointment this year should submit an application.
Listing Committee members play an important role in the Hong Kong listing regime and Hong Kong's securities market. Members make a significant personal contribution, through their public service, to the success of Hong Kong's further development as a leading international financial centre.
The Listing Committee comprises at least 28 members including: the HKEx Chief Executive who is an ex-officio member; at least eight appointed investor representatives; and 19 appointed members who are a balance of representatives ofthe industry. The Listing Nominating Committee is particularly interested in receiving applications from individuals who would be able to represent the views of investors, listed issuers and market practitioners (including lawyers, accountants, corporate finance advisers and Exchange Participants). Applicants should have an understanding of the Listing Rules and the context in which listing decisions are made.
For information about the role of the Listing Committee and its mode of operation, please refer to the Listing Committee's Annual Report for 2014.
The Listing Committee meets at least weekly and members are generally expected to attend half of the regular meetings in addition to some special meetings such as quarterly policy meetings, disciplinary meetings and review meetings. HKEx offers a fixed annual fee of $100,000 for regular Committee members, $125,000 for the Deputy Chairmen and $150,000 for the Chairman on account of attendance at and preparation for regular, policy, disciplinary and review meetings.
Applications should be submitted on or before 15 January 2016. Applicants selected for interview will be notified in the first quarter of 2016.
Applications for nomination to the Listing Committee may be made by letter and must be accompanied by a CV. They should be marked confidential and delivered to David Graham, Secretary to the Listing Nominating Committee, 11/F One International Finance Centre, 1 Harbour View Street, Central, Hong Kong, or by email to LNCSecretary@hkex.com.hk, or by facsimile to 2812 2862. Applications will be treated in strict confidence. Personal data provided will only be used for the purpose of application for appointment to the Listing Committee.
The Main Board's Listing Committee and the GEM Listing Committee have operated as an integrated committee since 2003. References to the Listing Committee include the GEM Listing Committee. |
HKEx - Hong Kong Exchanges and Clearing Ltd. issued this content on 2016-01-04 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-04 09:02:15 UTC
Original Document: http://www.hkex.com.hk/eng/newsconsul/hkexnews/2016/160104news.htm
