Company directors

EU Parliament backs quota for women on boards

If the EU had its way, more companies would emulate Starbucks, which appointed Hearsay Social chief executive Clara Shih to its board in 2011. Photo:

The European Parliament has backed a proposal calling for a 40 per cent quota of women on company boards by 2020.

Friday, 22 November, 2013, 8:49am

Don't kick the bosses out because they're too old

Many investors put money into Cheung Kong companies because they are followers of Li Ka-shing. Photo: Reuters

Another day, another survey and another declaration of well-intentioned business advice from people who have never actually run a business.

This time, we have the worthy US-based Council of Institutional Investors telling us how appalled they are because the boards of listed companies are dominated by older people and are too “clubby” and insufficiently diverse.

19 Nov 2013 - 1:45pm 5 comments

Company filings and directors' addresses in Hong Kong

There are over a million companies registered in Hong Kong and thousands of company searches are done every day.

Just before Easter the government announced that those sections of the Companies Ordinance 2012 that restrict public access to company director residential addresses and full identification card numbers would not become operative when the law takes effect next year.

12 Jun 2013 - 2:40pm

Watchdog chief slams shelving of privacy law

Privacy commissioner Allan Chiang Yam-wang. Photo: Sam Tsang

Privacy commissioner Allan Chiang Yam-wang has expressed his disappointment in the government's decision to shelve a controversial law restricting public access to company directors' personal information.

In a move seen as bowing to public pressure, the government last week said it would shelve the legislation of the clause attached to the new Companies Ordinance passed last year.

3 Apr 2013 - 4:22am 1 comment

Moves to bring more women on board as company directors

HKEx is among the 40 per cent of companies with an all-male board. Photo: David Wong

With International Women's Day this Friday, it is time to review prospects for our women business leaders.

Compared with many other Asian cities, Hong Kong women have an advantage in terms of opportunities to receive a good education and advancement in the workplace. But as this column keeps stressing, there is still a lot of room to improve.

5 Mar 2013 - 5:01am

Rule on disclosure of company directors' data seeks balance

Labour unions marched to protest against the possible restriction to information access. Photo: Bloomberg

Ever since the news broke last month that changes would be made to the Companies Ordinance that would make it harder for the media to obtain the personal data of company directors, the liberal media have cried foul and fired pot shots at the government for restricting media access. "Secrecy breeds corruption," the Hong Kong Journalists Association warned.

17 Feb 2013 - 5:59am 2 comments

Corporate crusader David Webb exposes 'secrets' in fight against director rule

Richard Li Tzar-kai. Photo: Oliver Tsang

The launching of the list - which included the two sons of tycoon Li Ka-shing, Victor Li Tzar-kuoi and Richard Li Tzar-kai, as well as Sun Hung Kai Properties chairman Thomas Kwok Ping-kwong and Webb himself - was "to prove that this is not in any way a secret".

14 Feb 2013 - 1:22am 2 comments

No good can come of new company director rule

Black mark

The proposals to restrict disclosure of directors' residential addresses and identity card numbers will compromise the principle of limited liability, which has been a central principle of modern company law since 1855.

13 Feb 2013 - 3:33am 4 comments

Journalists firm on gaining full access to data

Mak Yin-ting. Photo: Edward Wong

Journalists have rejected a counter-offer by the government over the proposal to bar access to key personal information of company directors, insisting on the status quo of unlimited access for all members of the public.

30 Jan 2013 - 7:27am 2 comments

Directors' privacy is a direct attack on the public interest

Government plans will put the public in the dark. Photo: Bloomberg

Yesterday's South China Morning Post carried a full page petition signed by 1,768 journalists protesting against the Hong Kong government's plans to restrict public access to information about company directors.

29 Jan 2013 - 4:51am 5 comments

'Privacy law will breed corruption' warns journalists' union

Mak Yin-ting, Chairperson of The Hong Kong Journalists Association. Photo: Edward Wong

The Hong Kong Journalists Association has taken out a full-page advertisement in the South China Morning Post and similar ads in other newspapers warning "secrecy breeds corruption" and listing the names of the 1,700 media workers and students who have signed a petition against the new restrictions - a record-breaking number for the union.

28 Jan 2013 - 5:41am 10 comments

SMEs join chorus of concern over hiding of directors' identity

Privacy Commissioner Allan Chiang Yam-wang. Photo: May Tse

The changes to the Companies Registry, set to start next year, will also hinder researchers studying possible collusion between officials and industry power brokers, academics say.

27 Jan 2013 - 5:00am 3 comments

Director deals rise again but value sharply down

Wheelock chairman Peter Woo Kwong-ching bought 799,000 of the company's shares. Photo: Felix Wong

Director dealing in their own company shares was active for a third straight session last week, with 182 transactions worth HK$164 million reported to the stock exchange for the week from January 7 to 11.

14 Jan 2013 - 3:08am

Journalists slam move to hide directors' data from public

Mak Yin-ting. Photo: Edward Wong

Proposed changes to hide company directors and secretaries' personal details - home addresses and full ID numbers - from the public are an affront to press freedom, the city's journalist groups said yesterday.

11 Jan 2013 - 4:32am 7 comments