Previously, we took a look at the different business entities in Hong Kong. In this article, we will address the the key positions of a company in Hong Kong.
Introduction
Hong Kong maintains a low barrier of entry in respect of company formation. The city imposes few restrictions during the company formation process but notably maintains requirements pertaining to the key positions to be held within a company. In accordance with the Hong Kong Companies Ordinance, a Hong Kong company must have at least one director and one secretary. However, shareholders are also an integral part of a Hong Kong companies and are found as commonly as a director or secretary. In this blog, we will detail they key responsibilities and duties for these three roles.


Introduction
Hong Kong maintains a low barrier of entry in respect of company formation. The city imposes few restrictions during the company formation process but notably maintains requirements pertaining to the key positions to be held within a company. In accordance with the Hong Kong Companies Ordinance, a Hong Kong company must have at least one director and one secretary. However, shareholders are also an integral part of a Hong Kong companies and are found as commonly as a director or secretary. In this blog, we will detail they key responsibilities and duties for these three roles.

Company Director
Company directors are individuals who are elected or appointed to a company’s board of directors. These individuals are elected to manage a company’s business and affairs on behalf of the company and its’ shareholders.
Company Director – Responsibilities and Duties
As Company directors are responsible for the management of the Company on behalf of its shareholders, they maintain a fiduciary responsibility to act in good faith and in the best interest of the company and its shareholders. Such responsibilities involve ensuring the company’s business operations are aligned with the set goals and direction