The Hong Kong Institute of Directors (HKIOD) has seen growing interest in its Directors of the Year awards on the back of rising standards in corporate governance in boardrooms across the city.
'Nominations show the quality has been improving and companies have a full awareness of what is required,' explains Kelvin Wong, chairman of the HKIOD.
The awards, in their 10th year, now accept nominations on a rolling basis to reflect increased interest.
The objective is to recognise outstanding boards as a collective and individually, in an effort to promote good corporate governance and professionalism.
Categories include listed companies on the Hang Seng Index, non-listed companies, private companies, statutory and non-profit distributing organisations in addition to non-executive directors and executive directors.
Selection criteria for individual director categories require entrants to have demonstrated effectiveness in strategic corporate business functions, contributed to the board's effectiveness, managed change, risk and succession, showed leadership, and other attributes and qualities in addition to upholding business ethics and other outstanding achievements.