Hong Kong Exchanges and Clearing's 13-member board will undergo a big reshuffle on Thursday as the terms of at least five directors expire. The big question is: will bean counters and legal eagles continue to dominate the board?
Those exiting this week include two shareholder-elected directors and three government appointees.
HKEx, the holding company of the stock exchange, futures exchange and related clearing houses, has a special board structure that includes chief executive Paul Chow Man-yiu, six government-appointed directors and six elected by shareholders.
Besides Mr Chow, all directors receive HK$300,000 a year.
Half of the government-named team including former Citic Pacific managing director Henry Fan Hung-ling and accountant Fong Hup will see their term end and will not be retained after staying for six years.
Another government-appointed director, Marvin Cheung Kin-tung, will also retire but can technically be reappointed, as he has been on board for only four years.
Brokers speculate the new faces are likely to be the usual picks - lawyers and accountants. Of the six government appointees, Mr Fan, HKEx chairman Ronald Arculli, Moses Cheng Mo-chi and Laura Cha Shih May-lung are lawyers; Mr Fong and Mr Cheung are accountants.