| 9.15am |
An overview and update from the newly established financial reporting council
Led by Man To Shum, CEO, FRC
- Background leading to FRC in HK
- FRC and the HK regulatory framework
- The functions of FRC – Investigation & Enquiry
- The experience so far
- Looking forwards
|
| 9.35am |
Business Intelligence and investigation in Asia
Led by Maurice Ngai, Director & Head of Listing Services, KCS Ltd
- The fallacy of asymmetric information
- The mystery of abnormal profit and hyper growth of China companies *SOX
impact on China companies
- Dark side on globalization and diversification
- Lesson from subprime mortgage
- Risk after IPOs & some advice to independent directors in Asia
|
| 10.00am |
Past, present & future of the Sarbanes – Oxley Act
Led by Paul Sarbanes, Keynote Speaker
- Discuss co-authoring of the Sarbanes-Oxley Act
- What the act means for business
- How transparent business practices have strengthened the economy and stock markets
- Why it is important to maintain corporate responsibility and ethics
|
10.30am |
Beyond compliance to sustainable risk management for enhanced enterprise value
Led by Christopher Low, Managing Director & Head of Greater China, Protiviti
- Co-Relation Between Infrastructure Building & Revenue Expansions
- Roadmap from SOX to ERM is the key to sustainable growth
- Project to Process & Long-Term Vision are key success factors
- Sharing of Key Findings from Protiviti’s Risk Barometer Reports
- Enhancing Enterprise Value through Risk Management
|
|
| 11.00am |
BREAK |
|
| 11.30am |
Discussion Panel – A recap of the topics raised in the morning
Moderated by:
Leslie Young, Executive Director, The Asia Pacific Institute of Business
Discussed by:
Paul Sarbanes
Michael Oxley
Richard Williams, Head of Listing, HKEx
Anthony Root, Head, Asia Corporate Practice, Milbank, Tweed, Hadley & McCloy LLP
Richard Winter, Managing Director, Quam Capital Ltd
Rick Caccia, Vice President of Product Marketing, ArcSight, Inc
|
|
| 12.30pm |
EXECUTIVE LUNCHEON, Grand Ballroom, JW Marriott |
|
| 1.30pm |
Developments in online and offline financial services and compliance resources
Led by Mahadevan Natarajan, Director, Performance Management Solutions, Cognos |
| 1.55pm |
Past, present & future of the Sarbanes – Oxley Act
Led by Michael Oxley, Keynote Speaker
- Discuss co-authoring the Act and how, now more than five years since enactment, the principles behind the law are gaining influence in other sectors and throughout the globe.
- Comments on current adjustments in the law’s regulatory implementation that should make the cost-benefit ratio more rational.
- Notes on the rise of stock exchanges and capitalism through the developing world, linking it with the spread of free thought, free trade, and democratic ideals.
- As market competition increases throughout the world, exchanges are consolidating, as well as continuing to differentiate themselves in niche areas. The business of trading financial products is becoming more like a business, as investors can now buy their stake in the major exchanges.
-
Discuss the influence of the investor class rising in the United States, and the unique combination of security and opportunity offered in the American markets.
|
|
| 2.25pm |
BREAK |
|
| 2.45pm |
Law Panel – The impact of compliance in Hong Kong, China, Japan and the region as a whole,
from a legal perspective
Speakers:
Ashley Alder, Head of Asia, Herbert Smith
- SOX as a competitive disadvantage for US markets and China corporates
- Corporate governance in HK - are Directors off the hook?
Martin Rogers, Head of Litigation & Dispute Resolution, Asia, Clifford Chance
- Discussing the challenges of resourcing and organising a compliance function on a regional basis
- Discussing a strategic agenda for compliance in the Asia region, including some examples of typical issues (focusing on India, Indonesia and Taiwan).
Gary Seib, Head of Asia Pacific Dispute Resolution Group, Baker & McKenzie
- Convergence in reporting obligations; China’s new financial reporting standards
- The compliance environment in China and how it affects Chinese enterprises, WFOEs and other entities on the ground in China closed off with some observations on the impact of raising capital.
Michael Yu, Senior Foreign Legal Consultant, Kim & Chang
- An overview of the corresponding laws primarily supervised by the Financial Supervisory Service, and collectively referred to as “K-SOX.”
- The resulting lay of the land and how Korea’s accounting industry is changing
|
| 4.00pm |
Discussion Panel – A wrap up of the topics discussed during the afternoon
Moderated by:
Emily Chan, CNBC, Asia
Discussed by:
Paul Sarbanes
Michael Oxley
Ashley Alder, Head of Asia, Herbert Smith
Sirisha Gummaregula, COO, QuisLex
John Bradfield, Director Compliance, Greater China & Asia, Nortel
Rick Caccia, Vice President of Product Marketing, ArcSight, Inc |
