Corporate Governance 

AVISTA hosted a professional webinar titled “Highlights and Recommendations on Dealing with the Latest HKEx ESG Reporting Guide” recently, led by our Managing Director, Mr. Vincent Pang and Director of Risk Management Advisory Services, Mr. Ricky Ho.
 
Vincent and Ricky highlighted the key areas of the ESG Listing Rule Amendments and the Board’s responsibilities under the new requirements and shared advice on ESG target setting and recommendations of independent assurance. They also provided professional insights on existing pitfalls of ESG data collection and subsequently introduced the benefits of the digitalization of ESG data.
 
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AVISTA Professional Webinar: “Highlights and Recommendations on Dealing with the Latest HKEx ESG Reporting Guide” 

AVISTA is pleased to become the latest Corporate Associate Member of the Hong Kong Venture Capital and Private Equity Association (HKVCA). Established in 1987, the HKVCA aims to encourage a vibrant venture capital (VC) and private equity (PE) industry in Asia while promoting the role of member firms in value creation, innovation and economic development. It promotes industry professional ethics, international best practices and standards and provides a forum for networking and experience sharing for its members.
 
HKVCA represents more than 460 corporate members, include 280 private equity firms across all types – including top 9 of the 10 largest PE firms as well as small VC investors, managing a total of US$2 trillion in assets.
 
AVISTA’s joining to HKVCA has demonstrated our constant commitment to professional ethics and our willingness in aligning with latest market best practice and regulatory standards, in order to provide quality services to our clients in VC and PE sectors and create additional values and insights to their investment decision making process.
 
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AVISTA Becomes a Corporate Associate Member of the Hong Kong Venture Capital and Private Equity Association (HKVCA)

Are you prepared for the new ESG reporting requirements of the Hong Kong Stock Exchange ("HKEx"), which is effective for financial years commencing on or after 1 July 2020? With the heightened regulatory, ESG data is facing an increased scrutiny from regulators and investors.
 
AVISTA has developed and launched a one-stop ESG reporting solution called iESGweb which supports issuers to collect, process and store their robust ESG data effortlessly, while also safeguarding the data quality.
 
The Key Benefits of iESGweb 
 
Team Collaboration: stay productive no matter where the teams are and access to data anytime
 
Expand Visibility: Centralized database keeps the management of files under organizational control
 
Advanced Analytics: Safeguard data quality by comprehensive data validity checks
 
Secured Data Storage: Data is stored on cloud-based system with high confidentiality and security
 
Software as a service (SaaS): Cost-effective and ready-to-use data repository supports seamless updates while zero infrastructure is needed
 
Compliance Solution: Support for ESG Reporting Guide in the Listing Rules of HKEX and help you meet your compliance obligations
 
Learn more by clicking the link below.
 
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AVISTA iESGweb Platform is officially launched!

Our Director of Risk Advisory Services, Mr. Ricky Ho was pleased to be invited by HKICS to speak on the topic of “What you need to know about IT Governance, Cybersecurity and Cloud Computing”. The webinar received a full house registration with more than 450 participants.
 
Ricky partnered with an IT expert to introduce the concept of IT governance and the key decisions for corporate to necessitate IT governance as well as the related regulations and frameworks in Hong Kong, such as Control Objectives for Information and related Technology (COBIT) and Information Technology Infrastructure Library (ITIL).
 
The speakers also illustrated the relationship among IT governance, cybersecurity and cloud computing with several interesting case studies.
 
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As a Speaker of HKICS Webinar “What you need to know about IT Governance, Cybersecurity and Cloud Computing”

Congratulations to Sunlight Technology Holdings Limited (stock code: 1950.HK) on its successful listing on the main board of HKSE on 12 march 2020. With regard to this listing application, AVISTA Group is honored to be engaged in providing property valuation, expected credit loss valuation, internal control review services and corporate advisory services.
 
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Congratulations to Sunlight Technology Holdings Ltd. (Stock Code: 1950.HK) on its Successful Listing 

In a time of recent extreme turbulence accompanied by rapid changes in every aspect of the business, be it political, pandemic, economic, technological or environmental, corporates have to evolve their business strategy for coping with unprecedented events, challenges and crises. AVISTA is introducing our “CORE” approaches (Crisis Preparedness, Operational Enhancement, Risk Management and Evaluation Continuity) to help you survive, achieve sustainability and thrive in the storm of change.
 
Please <a href="../../../../../uploads/Integrating_Crisis_Preparedness_and_Operation_Enhancement_into_Risk_Management_EN_700b4b8315.pdf" target="_blank" rel="noopener">click here</a> to read the service flyer.
 
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Integrating Crisis Preparedness and Operation Enhancement into Risk Management

Our Managing Director, Mr. Vincent Pang was honored to be invited by the HKICPA to join the Awards Presentation Luncheon of Best Corporate Governance Awards (BCGA) 2019. Vincent was also one of the reviewers for the Sustainability and Social Responsibility Reporting (“SSR”) award.
 
The BCGA has been playing an important role in establishing benchmarks and encouraging improvements in standards of corporate governance (CG) among listed companies and public sector/not-for-profit organizations in Hong Kong since 2000.
 
Panels of reviewers and judges, which comprised experienced and high-quality industry professionals and representatives of the financial market regulators and professional associations in the field of CG, selected organizations who set the benchmarks of corporate governance and sustainability reporting among their peers as reflected in annual reports or in standalone social responsibility/sustainability reports and website information. This year, 26 awards were presented.
 
As a professional CG advisory firm, AVISTA Group was pleased to take part in the review process of the award and more importantly the promotion of greater awareness and improvement of CG and SSR disclosure practices in Hong Kong’s capital markets.
 
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