THE WHAT? New Hong Kong stock exchange rules will create more than 1,300 director positions exclusively for women by the end of 2024, according to Bloomberg.com.
THE DETAILS The exchange requires companies that seek to list in Hong Kong to have at least one director of a different gender to the board majority.
Nasrine Ghozali, Chief Risk Officer of Oasis Management Co. said, “The new rules are creating some momentum for companies to finally consider diverse board candidates. For many years, Hong Kong has been lagging, globally and regionally, so it’s great to see finally some progress.”
THE WHY? The exchange has set a three-year deadline to every listed company to ensure gender diversity on its board, which lines up with other global efforts.
Securities Commission Malaysia updated its corporate governance code in 2021 stating that at least 30 percent of directors should be female, while the European Union this year reached a political agreement on a law that requires listed companies to move toward 40 percent female representation in non-executive director positions by 2026.
Aesthetic products generally refer to a broad category of items designed to enhance or improve one's appearance, often focusing on skincare, beauty, and personal grooming. These products are typically used to maintain or enhance physical attractiveness and may include a wide range of items intended for both professional and personal use. Here are some common types of aesthetic products:
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Skincare Products: Including cleansers, moisturizers, serums, and treatments designed to address various skin concerns such as acne, aging, hyperpigmentation, and sensitivity.
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Cosmetics: Makeup products such as foundations, concealers, eyeliners, lipsticks, and eyeshadows used to enhance facial features and achieve desired looks.
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Hair Care Products: Shampoos, conditioners, styling products, and treatments to maintain and improve the health and appearance of hair.
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Fragrances: Perfumes and colognes used to enhance personal scent and attractiveness.
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Dental Care Products: Toothpaste, mouthwash, whitening treatments, and dental floss aimed at maintaining oral hygiene and enhancing smile aesthetics.
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Personal Grooming Tools: Including razors, electric shavers, trimmers, and grooming kits used for hair removal and personal hygiene.
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Beauty Devices: Devices such as facial cleansing brushes, LED light therapy masks, and microcurrent devices designed for at-home skincare treatments.
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Nutritional Supplements: Supplements aimed at promoting skin health, hair growth, and overall well-being, often containing vitamins, minerals, and antioxidants.
