How listed companies respond to COVID-19 challenges?
The outbreak of COVID-19 pandemic has caused widespread and unprecedented impact on business operations of companies from various sectors. Some companies experienced significant revenue loss, partial business closure or suspensions, liquidity problem, etc.
This survey examined the latest annual reports and/or ESG reports publicly available on or before 30 June 2020 of 60 Hong Kong constituency stocks from both Hang Seng Index (HSI) and Hang Seng Corporate Sustainability Index (HSSUS).
The purposes of this survey are to:
- Study the impact of COVID-19 on the business operations of Hong Kong constituency stocks; and
- Understand their immediate responses to COVID-19 including mitigating disruptions and sustaining business; and whether innovative strategies or measures have been deployed in exploring new businesses and markets
The survey revealed that, in order to overcome these difficult situations, listed companies have taken different measures for sustaining businesses and at the same time addressing stakeholders' concerns.
In this webinar, we will provide the results of our survey and will cover the following agenda items:
- How businesses are disrupted?
- What are the companies' response to COVID-19?
- Ways to sustain business?
- What are the key ESG concerns?
- What innovative measures have companies adopted?
About the speaker
RICKY CHENG, Director and Head of Risk Advisory, BDO
Ricky Cheng is the BDO's Director and Head of Risk Advisory, with major responsibility in the area of risk advisory services. He specialises in assisting clients in managing their internal audit function and meeting corporate governance requirements in both China and Hong Kong.
Ricky has 20 years of risk and assurance experience. He worked for large international accounting firms and had commercial internal audit experience. His expertise covers various services such as Sarbanes-Oxley Compliance, risk management assessment, compliance assistance, corporate governance compliance review, internal audit assistance, business process review, Environmental, Social and Governance (ESG) readiness and reporting support services review, stored value facilities (SVF) licence independent assessment review, etc.
The portfolio of clients managed by Ricky comes from various industries including transportation, property development and construction, gaming and entertainment, hospitality, manufacturing, gold and minerals mining, fast moving consumer goods, retailing and department chain stores, financial institutions such as brokerage houses and derivative products companies.
Ricky is a frequent event speaker of related topics for professional body organisations and training for listed and non-listed companies. He is a Committee Member of ACCA Hong Kong (2011-2013), Training committee member of The Hong Kong Institute of Directors (since 2013), Fellow of the Hong Kong Institute of Certified Public Accountants, Fellow of the Association of Chartered Certified Accountants and Certified Internal Auditor.
This event will incorporate slides which you can view on a PC and audio broadcast technology which requires only the speakers in your device. Therefore, on the day, please ensure the audio volume of your device is turned up. You are recommended to log in the webinar (which will be provided by email after your successful registration) a few minutes before the webinar starts to make sure you have no problem with the connection.
Details are as follows:
||Wednesday, 28 October 2020
||15:00 – 15:45 (webinar session)
||Cantonese, supplemented with English presentation materials
||Free of charge
||Those who handle procurement or vendor contracts & senior management of corporations
||45 minutes (*The recognition of CPD hours by your professional organisations is subject to their CPD policies.)
||1. For any enquiries, please contact contact Kiki Ho at +852 2218 8913 or firstname.lastname@example.org.
||2. Login information will be sent to you by email after successful registration.
||3. BDO reserves the final right of acceptance of registration.