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There is no universally agreed definition of 'corporate governance' and the subject will undoubtedly continue to provide fertile ground for regulators, professionals and academics to discuss and debate for many years to come.
In essence, corporate governance is the set of processes, customs, policies, laws and institutions affecting the way in which a company is directed, administered and controlled. While a company?s corporate governance structures and processes are important, they cannot compensate for a lack of ability or integrity in its directors and such a company will, by definition, have poor corporate governance.
Corporate Governance and Compliance in Hong Kong is the definitive text for legal advisors, compliance officers, judges, regulators, government officials, business people, managers, stakeholders, academics and all other professionals who wish to know and understand the intricacies of Hong Kong's law relating to corporate governance.