TUESDAY, JUNE 20, 1989
5
APPOINTMENT OF INDEPENDENT DIRECTORS TO HK FUTURES EXCHANGE
* * * * *
THE
SECRETARY
FOR
MONETARY
AFFAIRS.
MR
DAVID
NENDICK, MR EOGHAN DIRECTORS
APPOINTED ANNOUNCED TODAY (TUESDAY) THAT THE GOVERNOR HAD MCMILLAN, MR PHILIP WONG AND MR SYDNEY LEONG AS INDEPENDENT TO THE BOARD OF THE HONG KONG FUTURES EXCHANGE (HKFE).
1989. THE DATE FOURTH ANNUAL GENERAL
THE APPOINTMENTS WILL TAKE EFFECT ON JUNE 30,
HOLDS ITS THIRD AND ON WHICH THE EXCHANGE MEETINGS (AGM'S).
THIS YEAR,
OF
THE NEW CONSTITUTION OF THE HKFE, ADOPTED ON MAY 9 PROVIDES THAT ITS BOARD SHOULD BE BROADLY-BASED AND REPRESENTATIVE THE MARKETS, THEIR USERS AND THE PUBLIC INTEREST.
UNDER ARTICLE 73(B) OF
THE
TO
OF ARTICLES APPOINT THE
OF ASSOCIATION FIRST FOUR INDEPENDENT
THE
EXCHANGE, THE GOVERNOR HAS DIRECTORS TO THE BOARD OVER THE NEXT THREE AGM'S.
FULLY RE-CONSTITUTED
THE
LINES
OF ALONG "HAVING BEEN
THE THE EXCHANGE 1s RECOMMENDATIONS OF THE SECURITIES REVIEW COMMITTEE,
TO PERFORM ITS ROLE AS A MUCH BETTER EQUIPPED
SELF-REGULATORY MEET MARKET NEEDS, MR ORGANISATION AND TO DEVELOP NEW PRODUCTS TO NENDICK SAID.
||
HELPED MR MCMILLAN IS THE PRESENT CHAIRMAN OF THE HKFE. HE HAS
A THROUGH
PARTICULARLY DIFFICULT STEER THE EXCHANGE SUCCESSFULLY PERIOD OF ITS RE-CONSTITUTION EXERCISE.
MR WONG IS A PRACTISING LAWYER AND WAS A MEMBER OF SECURITIES COMMISSION.
THE FORMER
MR LEONG HAS OCTOBER 1987. HE WAS A SOCIETY.
SERVED AS
FORMER
A CHAIRMAN
DIRECTOR
OF
ΤΟ THE EXCHANGE THE HONG KONG
SINCE HOUSING
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