MONDAY, JUNE 11, 1990
- 1
APPOINTMENT OF INDEPENDENT DIRECTOR TO HK FUTURES EXCHANGE
THE FINANCIAL SECRETARY,
(MONDAY) THAT THE GOVERNOR
**
SIR PIERS HAS APPOINTED
JACOBS, ANNOUNCED TODAY MR TAKASHI MORI AS AN KONG FUTURES EXCHANGE EXCHANCE
INDEPENDENT DIRECTOR TO THE BOARD OF THE HONG (HKFE) WITH EFFECT FROM JUNE 21, 1990, THE DATE ON WHICH THE HOLDS ITS FIFTH ANNUAL GENERAL MEETING (AGM).
RECONSTITUTION
OF
OF THE HKFE IN MAY 1989 THE SUCCESSFUL PROVIDES THAT ITS BOARD SHOULD BE BROADLY-BASED AND REPRESENTATIVE
IN LINE WITH THE THE MARKETS, THEIR USERS AND THE PUBLIC INTEREST, RECOMMENDATIONS OF THE SECURITIES REVIEW COMMITTEE.
"THE
APPOINTMENT
OF
MR
MORI
WILL
ENHANCE
THE
AND
REPRESENTATIVENESS OF THE BOARD OF THE EXCHANGE, AND HELP PROMOTE
THE BETWEEN
JAPANESE FINANCIAL COMMUNITY DEVELOP THE RELATIONSHIP AND THE EXCHANGE,
MR
HE SAID.
MORI IS
THE
MANAGING DIRECTOR
OF
SANWA
INTERNATIONAL
IN
FINANCE LTD. BEFORE COMING TO HONG KONG IN 1987, HE WAS WITH SANWA TOKYO AND LONDON.
THE
OF THE INDEPENDENT
ASSOCIATION FIRST FOUR
THE FIRST THREE
ARTICLES OF TO APPOINT THE
VACANCIES AS
UNDER ARTICLE 73(B) 'OF EXCHANGE, THE GOVERNOR HAS DIRECTORS то THE BOARD INDEPENDENT DIRECTORS WERE APPOINTED IN JUNE 1989.
ARISE.
MEMBERSHIP REFORM
THE COMING AGM REPRESENTS THE LAST PHASE OF OF THE BOARD IN ACCORDANCE WITH THE NEW CONSTITUTION.
HAVE
THE EXCHANGE ΤΟ
WHO MEMBERS, "CREDIT SHOULD BE GIVEN
WITH WHICH THE EXCHANGE DEMONSTRATED THEIR SUPPORT FOR THE REFORMS,
HONG KONG, SIR IS BETTER EQUIPPED TO DEVELOP THE FUTURES MARKET IN PIERS SAID.
**
INTEREST IN AIRPORT LEGAL WORK INVITED
ARE INVITING
EXPRESSIONS OF SERVICES FOR THE
THE ATTORNEY GENERAL'S CHAMBERS INTEREST FROM FIRMS OF SOLICITORS TO PROVIDE LEGAL GOVERNMENT IN RELATION TO THE PORT AND AIRPORT DEVELOPMENT PROJECT,
EXPECTED TO
THE AIRPORT PROJECT IS
GENERATE A CONSIDERABLE BEING HANDLED BY AT PRESENT ALL SUCH WORK IS VOLUME OF LEGAL WORK. THE ATTORNEY GENERAL'S CHAMBERS.
CHAMBERS ARE PROJECT ENGAGING
HOWEVER, RESOURCES WITHIN THE ATTORNEY GENERAL'S NOT SUFFICIENT TO COPE WITH THE INCREASED WORKLOAD AS THE PROGRESSES. THE GOVERNMENT IS THEREFORE CONSIDERING SOLICITORS IN PRIVATE PRACTICE TO HANDLE SOME OF THAT WORK.
/ANY DECISION