Council member in flap over leaflets

PUBLISHED : Tuesday, 08 November, 1994, 12:00am
UPDATED : Tuesday, 08 November, 1994, 12:00am

THE stock exchange council elections are over, now the games can begin.

They begin with a bitter squabble which has broken out between Chu Ho Miu-hing, newly-elected member of the stock exchange council and Chen Po-sum, a former council member.

Mrs Chu is complaining about the issue of lobbying leaflets, which allegedly resembled the ballot form and carried the names and candidate numbers of the 12 candidates Ms Chen supported.

She also said the documents were issued inside the election venue, which breached an exchange rule. But stock exchange spokesman Henry Law said the documents were not handed out inside the venue.

Mrs Chu also said she had been turned down by the stock exchange when she asked for her own candidate numbers before the election.

But again, she said, other candidates were allowed to have their candidate numbers before the election.

She argued that the council members should be re-elected because it was not fair practice.

Unfair treatment of candidates should not be allowed and an investigation would seem appropriate.

However, even assuming what Mrs Chu said was nothing but the truth, it should not mean the 'irregularities' would have affected the election outcome.

Who cared what the lobbying leaflets looked like? Who in the broking profession could have been misled by a leaflet because it looked like a ballot form with only 12 candidates' names and their numbers? One broker showed no support for either the Chen camp or the camp which Mrs Chu is in.

'To say that brokers were tricked into voting for those 12 candidates by the ballot-form-lookalikes would be to insult our IQ [intelligence quotient].' Nevertheless, it would be good to try to introduce a more balanced power distribution in the existing council.

Because Ms Chen - together with two other former council members - got 11 of the council members to agree on her objectives, there are fears that the new council will just be a perpetuation of its predecessor and incapable of introducing constructive changes.

It is often better to have different 'political' parties in a policy-making body so that opposing views are discussed to yield the best solution, instead of having a single voice dominating the arena.

Lastly, it is worth noting that brokers should be serious when determining which candidate to vote for.

One broker said: 'As I have been treated to a meal by Chim Pui-chung [who supports the Chen camp], I cast my votes as I was told.'