David Webb has left his position as an independent non-executive director at Hong Kong Exchanges and Clearing (HKEX) accompanied with a stinging attack on the exchange in his resignation letter to the board.
In a letter published by the exchange, Webb condemns the governance of the exchange concluding that “serving on the HKEX board is no longer an optimal use”.
Webb detailed six examples of what he described as a “low standard board”, a claim that...