A legal and financial think-tank is to scrutinise the corporate governance regime, with the aim of becoming a 'benchmark' in the region. Target areas will include directors' responsibilities, board structure and minority shareholders' rights. The aim is to 'plug any gaps', according to Mr Tsang. The Secretary for Financial Services will team up with the standing committee on company law reform to conduct the review. The think-tank is at the logistics stage. Committee secretary John Bush said the review will draw on the expertise of bodies such as the Institute of Directors, the Hong Kong Society of Accountants and the Monetary Authority. 'Someone's got to take an overall lead, so we're not all doing the same thing,' he said. 'Our committee is going to do a co-ordinating exercise.' The corporate governance review was prompted by the standing committee's recent report on company law, which proposed sweeping reforms to increase the transparency of companies and the accountability of directors.