EXISTING
Size of Council
22
of which
Brokers
Independents
Executives
Selection Criteria for Brokers
SEIK COUNCIL, RESTRUCTURE
Annex
SEHK VOLUNTARY
FORMAL REQUEST PROPOSAL
30
30
16
17
16
5
10
12
3
2
Pyramid
No
Yes
Category 1
4 individuals
4 for Top 12 brokers
Category 2
4 corp. directors
5 for next 48 brokers
Category 3
8 "Free Float"
8 "Free Float"
Nominated by
Nominating Committee
Members (Free Float)
Yes
4 for Top 12 Brokers
5 for next 48 brokers
7 for balance of Membership
Categories 1 & 2
Category 3
Categories 1 & 2 Category 3
Categories 1, 2 & 3
Phase-in for New Structure
Not applicable
Securities & Futures Commission.
August 20, 1991
Yes
Yes