1. ICSI Conference Hong Kong 12 May 2008 Natalia Seng President HKICS

2. 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

3. 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)

4. 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 Office i.e. act as Trustees in bankruptcy 4. Companies Ordinance Professional Company Secretary Recognition

5. Page 5 of 14 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. Page 6 of 14 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. Page 7 of 14 Mainland (cont.) Focus on H-Share Companies –Mainland China incorporated Company listed on Hong Kong Stock Exchange

8. 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.)

9. Page 9 of 14 AP Target Market: H-Share Company Secretaries Immediate subordinates Students/graduates Mainland (cont.)

10. 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

11. Page 11 of 14 Started IQS examinations 2007 Negotiating with Mainland universities re pre and post graduate corporate governance programmes Mainland (cont.)

12. 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.)

13. 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

14. Page 14 of 14 THANK YOU !