The Hong Kong Stock Exchange (HKEX) published the results of eight disciplinary actions against listed issuers and/or their directors between September and November 2024. The cases involved, among others, issuers granting loans or making investments without conducting proper due diligence, risk assessment and on-going monitoring, failure to avoid or properly manage directors’ conflicts of interest, and directors’ failure to exercise independent judgement in determining whether transactions were in the issuer’s best interest. Three cases involved directors’ failure to cooperate in HKEX investigations – an obligation which continues after a person ceases to be a director and after the issuer’s delisting. The cases are summarised in the document below.