The Annual Corporate Governance Paper Competition and Presentation Awards organised by the Institute aims at promoting the importance of good governance among local undergraduates and providing them with an opportunity to research, write and present their findings and opinions on the selected theme.
Current undergraduates of all disciplines in Hong Kong are eligible to enrol for this competition in a team of two to four members. Each enrolled team is required to submit a paper on the theme of not more than 5,000 words in English on or before 31 July 2021.
These papers are subject to a two-tier review: first by a designated group of 11 reviewers to select six finalist teams (to be announced by mid-August 2021); and then by the three-member panel judges to determine the Champion and the 1st and 2nd runners-up.
The six finalist teams will present their papers on Saturday 9 October 2021 to compete for the Best Presenter Award.
This year’s theme is ‘Is it possible to tie governance with a sense of purpose given the myriad of stakeholders’ interests?’.
For the last few decades, there has been a commonly held view that the purpose of a company is to make profits for its shareholders. However, there is now another school of thought, which is fast becoming mainstream that, for companies to be sustainable in the longer term, a company needs to create value for all of its stakeholders. But then a problem emerges, that is, there are so many stakeholders. Their interests could well be diverse, consistent, or at loggerheads with each other. How can a company pick and choose which stakeholder interests to consider? And how can a company seek to balance competing stakeholder interests? Might the answer lie in understanding the purpose of the company (beyond profit), as delineated by its vision and mission and implemented by its strategy. This brings us to the question of whether it is possible – or indeed necessary - to tie governance to a sense of purpose?
HKICS Corporate Governance Paper Competition and Presentation Awards 2020