GreenCo Assists Client in Conducting Board Performance Review

Strong corporate governance is the cornerstone of stable operations and long-term sustainable development. As investors, regulators, and the broader public place increasing emphasis on transparency and governance quality, board effectiveness has become a central issue in corporate governance.

GreenCo recently supported a listed company in conducting a Board Performance Review, covering the design of the review framework, development of evaluation tools, and support for corporate governance disclosures, thereby helping the company refine its board evaluation mechanisms.

Board Review Requirements

The Stock Exchange of Hong Kong Limited (the Exchange) published conclusions to its consultation on Review of the Corporate Governance Code and related Listing Rules in December 2024, with the revised requirements taking effect from 1 July 2025.

One key update is that listed companies are required to conduct a formal evaluation of the board’s performance at least every two years. This requirement has been elevated from a recommended best practice to a mandatory Code Provision (Code Provision B.1.4).

The review is expected to assess not only the overall effectiveness of the board, but also identify areas for improvement. Companies are further required to disclose the results and key details in their Corporate Governance Reports.

GreenCo’s Professional Support

As the company’s long-term ESG advisory consultant, GreenCo provides ongoing professional support across design, analysis, and disclosure, helping the company establish a board review mechanism that meets regulatory expectations.

Our core services include:

1) Board Performance Review Framework Design

We assist in developing a systematic review framework covering key dimensions such as overall board effectiveness, competency, meeting quality, and decision-making efficiency.

2) Assessment Tools and Questionnaire Development

We design structured assessment tools and questionnaires to ensure consistent and comparable feedback is collected from board members and relevant stakeholders.

3) Corporate Governance Disclosure Support

We support the consolidation and analysis of review results for disclosure in Corporate Governance Reports, including areas for improvement and actions taken or planned, enhancing transparency and compliance quality.

This project is led by our Assurance Director, who conducts an independent professional review of the framework design, questionnaire methodology, and key deliverables, ensuring both practical applicability and governance enhancement value.

Conclusion

As corporate governance requirements continue to evolve, board performance review is no longer merely a compliance exercise, but a strategic tool for strengthening governance structure and enhancing long-term competitiveness.

GreenCo is committed to helping companies build review mechanisms that are both compliance-ready and practically meaningful, supporting continuous improvement in governance structure, decision-making efficiency, and disclosure quality.

For more information on board performance review, corporate governance enhancement, or ESG compliance support services, please feel free to contact us.

GreenCo is a professional ESG advisory firm accredited with ISO 9001 in the Provision of ESG / Sustainability Reporting, Sustainanbility and Climate Disclosures and GHG Accounting Advisory Services. Established in 2016, we were born to tackle ESG and climate risk management challenges. GreenCo has a professional team consists of talents with multiple backgrounds with

• PhD
• Practitioner Member of the Institute of Sustainability and Environmental Professionals (ISEP)
• CFA (the CFA Institute) and Certificate in ESG Investing
• EFFAS Certified ESG Analyst (CESGA)
• GRI Certified Sustainability Professional
• Certified Public Accountant (for assurance in accordance with ISAE 3000)
• Member of Global Association of Risk Professionals
• Master’s degree in envirnomental science

GreenCo has solid track record in ESG advisory for over 80 listed companies in Hong Kong, Mainland China, Singapore and Korea, covering all industries under the Hang Seng Industry Classification System.