While many analysts believe that the merger of Singapore Exchange Ltd and Australian Securities Exchange may pose serious threats to The Hong Kong Exchanges and Clearing Ltd (HKEx), the HKEx has once again proved its leading status by winning the top award, Best Report Award, of the 2010 Best Annual Reports Awards organized by the Hong Kong Management Association and co-organized by the South China Morning Post. The Panel of Adjudicators commended the annual report of the HKEx as “an excellent, all-round report with comprehensive coverage and professional presentation”.
Apart from the Best Report Award, there are two categories of winning reports: General and Non-profit Making and Charitable Organizations. The results are as follows:
| Best Report Award: |
| Hong Kong Exchanges and Clearing Limited |
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“General” Category: |
| Gold: |
CLP Holdings Limited |
| * Silver: |
Hang Seng Bank Limited
MTR Corporation Limited |
| * Bronze: |
BOC Hong Kong (Holdings) Limited
Hang Lung Group Limited
Shenzhen Expressway Company Limited |
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| “Non-profit Making and Charitable Organizations” Category |
| Gold: |
Securities and Futures Commission |
| Silver: |
Mandatory Provident Fund Schemes Authority |
| Bronze: |
Hong Kong Monetary Authority |
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* Honourable Mentions: |
ANTA Sports Products Limited
China Mobile Limited
Companies Registry
Esprit Holdings Limited
Hong Kong Housing Society
The Land Registry |
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| * Citation for Design: |
| Awardees: |
Airport Authority Hong Kong
The Hong Kong Polytechnic University
The Hongkong and Shanghai Hotels, Limited
Shui On Land Limited
Transport International Holdings Limited
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| * Citation for Corporate Governance Disclosure: |
| Awardees: |
China Telecom Corporation Limited
COSCO Pacific Limited
The Hong Kong Jockey Club
The Hongkong and Shanghai Hotels, Limited
HSBC Holdings plc |
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| Best New Entry: |
| Awardee: |
China Minsheng Banking Corp., Ltd. |
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| Judges’ Special Award |
| Awardee: |
Hong Kong Police Force |
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* (Listed according to the alphabetical order of company names) |
The Award presentation ceremony was held on Monday, 1 November, at the Island Shangri-La Hotel. This year, a total of 99 reports (79 from General, 20 from Non-profit Making and Charitable Organizations categories) were reviewed by the Panel of Adjudicators. Starting from this year, the Panel decided not to review reports from constituents of the Hang Seng Index (HIS) which are not voluntarily submitted as the submitted reports in recent years has already attained a very high standard.
An exhibition organized by the Association will be held to display all the 99 annual reports. Details are as follows:
Date: 2 and 3 November 2010
Time: 9:00 am – 9:00 pm
Venue: Hong Kong Station, MTR
Organized by The Hong Kong Management Association since 1973 and co-organized with the South China Morning Post since 2007, the Best Annual Reports Awards is an annual competition to encourage the publication of timely, accurate, informative and well presented annual reports for shareholders, stakeholders, employees and others who may have an interest in the performance and activities of the organizations in question.
The Panel of Adjudicators this year include:
- Professor Richard Petty (Chairman), Immediate Past President & Chairman of the Board CPA Australia;
Professor in Accounting and Finance, Macquarie Graduate School of Management
(Representing CPA Australia)
- Mr Colin Chau, Senior Vice President, Listing Division, Hong Kong Exchanges and Clearing Limited
(Representing Hong Kong Exchanges and Clearing Limited)
- Ms Jill Cheshire, Director, Jill Cheshire Design
- Professor Simon Ho, Board Director, Hong Kong Securities Institute;
Vice Rector (Academic Affairs), University of Macau
(Representing Hong Kong Securities Institute)
- Dr Keith Lam, Vice President, Institute of Financial Planners of Hong Kong;
Deputy Principal, HKU SPACE Po Leung Kuk Community College
(Representing Institute of Financial Planners of Hong Kong)
- Mr Albert Lung FCIS, FCS, The Hong Kong Institute of Chartered Secretaries
(Representing The Hong Kong Institute of Chartered Secretaries)
- Mr Karl Lung, Immediate Past President and Director, The Hong Kong Society of Financial Analysts
(Representing The Hong Kong Society of Financial Analysts)
- Dr John Tang, Director, Independence, Ernst & Young, China
- Mr Raymond Tong, Design Director, Leo Burnett Arc Hong Kong
(Representing Leo Burnett Limited)
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