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ICSI Conference. Hong Kong 12 May 2008. Natalia Seng President HKICS. 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. - PowerPoint PPT Presentation
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ICSI Conference
Hong Kong
12 May 2008
Natalia SengPresidentHKICS
Page 2 of 14
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
Page 3 of 14
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)
Page 4 of 14
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
Page 5 of 14
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…
Page 6 of 14
HKICS on the MainlandBeijing 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
Page 7 of 14
Mainland (cont.)
• Focus on H-Share Companies – Mainland China incorporated Company
listed on Hong Kong Stock Exchange
Page 8 of 14
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.)
Page 9 of 14
AP Target Market:• H-Share Company Secretaries• Immediate subordinates• Students/graduates
Mainland (cont.)
Page 10 of 14
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
Page 11 of 14
• Started IQS examinations 2007• Negotiating with Mainland universities re
pre and post graduate corporate governance programmes
Mainland (cont.)
Page 12 of 14
• Promoting good governance and company secretaries via:
– HKICS Forums and conferences– Training programmes organised by other PRC
and Hong Kong organisations
Mainland (cont.)
Page 13 of 14
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
Page 14 of 14
THANK YOU !
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