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ICSI Conference

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.

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ICSI Conference

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  1. ICSI Conference Hong Kong 12 May 2008 Natalia SengPresidentHKICS

  2. 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

  3. 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)

  4. Recognition • Hong Kong Exchanges & Clearing Limited : Listing rules • Ordinary Members as CoSecs. • Direct Access to Bar • (Hong Kong Bar Association) • 3. Official Receiver’s Office • i.e. act as Trustees in bankruptcy • 4. Companies Ordinance • Professional Company Secretary

  5. Recognition 5. Authorised by HKMA to certify banking documents 6. Hong Kong Council for Academic Accreditation 7. LawSoc, SFC – CPD provider 8. Other professional bodies – e.g. HKICPA, LawSoc, CPA Aust, CIMA, ACCA, HK Bar Association, HKInst. of Arbitrators, HKIHRM, HKIoD…

  6. 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) • Newswires • Web site • Email • Regular visits, staff and members

  7. Mainland (cont.) • Focus on H-Share Companies • Mainland China incorporated Company listed on Hong Kong Stock Exchange

  8. Mainland (cont.) 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

  9. Mainland (cont.) AP Target Market: • H-Share Company Secretaries • Immediate subordinates • Students/graduates

  10. 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

  11. Mainland (cont.) • Started IQS examinations 2007 • Negotiating with Mainland universities re pre and post graduate corporate governance programmes

  12. Mainland (cont.) • Promoting good governance and company secretaries via: • HKICS Forums and conferences • Training programmes organised by other PRC and Hong Kong organisations

  13. Mainland (cont.) Challenges • Establishing profession on back of Board Secretary • Senior position (min. DGM) • No formal qualification • Resources • Cut rate CoSecs? • Opportunities for HK based members • Duty to expand profession

  14. THANK YOU !

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