Three reasons why Hong Kong needs a corporate wellness paradigm shift now and five ways to make it happen in your company
Hong Kong scores the lowest out of eight global markets when it comes to well-being.
What started as a bold threat from the US Secretary of State Mike Pompeo, has been stripped of any pretence of mere possibility, as President Donald Trump declared Hong Kong is to officially have its special trade status revoked.
The dominance of the large, listed companies so long at the heart of Hong Kong’s economic and business culture is under threat, challenged by the government efforts to boost competition, increasingly sophisticated shareholder demands, changing or disrupted markets and rival economic centres in the region.
Hong Kong Stock Exchange (HKEx) released consultation conclusions regarding Environmental, Social, and Governance (ESG) Reporting Guide last December, announcing the upgrade of ESG disclosure requirement from recommended best practice to "comply or explain" in two phases.
As an Aussie based out of Australia, I enjoyed the welcome sights and sounds of my fellow countrymen and women cheering on the Australian cricket team in its quest to retain the Ashes last August, even though the end result wasn't what we were hoping for.
Fraud among companies operating in Hong Kong is prevalent, like it is in many cities across the Asia region, but unfortunately it can seem rife in Asia's world city given the jurisdiction's strong connection to businesses in mainland China.
So many business people believe that employee volunteering is a nice-to-have: a half day out of the office, combined with a team building exercise, perhaps cleaning the beach, painting a playground, or serving food to the elderly.
A century ago when China was on the silver standard China was in a complete mess, looted and humiliated repeatedly by Russia, Japan, the British, and the United States.
A decade or so after the term 'BRIC' term was coined to acknowledge the potential of leading emerging economies, there still appears to be a reluctance to see the opportunities there.
A sharp decline in business confidence in many rapidly-growing economies is raising a warning flag that global business may face continued uncertainty for some time to come.
The recent leadership changes in China are a good reminder for companies and boards of the need for carefully managed leadership succession planning and communication.
A friendly headhunter stated clearly in his blunt language: “We don’t recruit guys like you for executive positions at international companies; you are too old.
A good friend had the ambition to become a millionaire before his 40th birthday, a common ambition in Hong Kong, and he was well underway until recession struck.
“August 21 - Vietnamese police have arrested one of the country’s wealthiest bankers over undisclosed financial crimes, triggering sharp falls on stock markets in the economically troubled nation”.
Since this author last reported on Hong Kong’s emergence as an important regional arbitration venue, two significant developments have further bolstered the standing of the territory.
