APAC Corporate Governance Season Review 2023/24

Last year marked a pivotal moment for corporate governance in Asia, with significant strides towards improving transparency, accountability, and sustainability across various markets. Each country showcased unique developments tailored to their specific challenges and regulatory environments.

As these markets continue to evolve, the emphasis on director independence, ESG disclosures, and shareholder activism is expected to shape the future landscape of corporate governance in this region. We have also highlighted the updates made to proxy advisors' APAC voting policies in 2024, predominantly related to director commitments, gender diversity, and poison pills.

Read our Season Review for an analysis of the 2023 AGM season in Mainland China, Hong Kong, Taiwan, South Korea, and Japan, and its implications for 2024 proxy season.

Authors: Atsushi Matsunaga, Sice Cheng, Charlene Chen, Evdokia Petrakopoulou, Thomas von Oehsen, Ahmed Suliman, and Braedon Lehman.

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This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.