Corporations Law

Business Digest

Mainland regulator may cap staff shares at 10pc

Wednesday, 15 August, 2012, 11:04pm

Hontex ruling a valuable deterrent

Hong Kong ranks as one of the IPO capitals of the world, but it faces stiff competition from New York, London and Shanghai. If the city wants to maintain its position as an important fund-raising centre, a reputation for providing a level playing field for investors is crucial.

23 Jun 2012 - 12:00am

Disliked headcount rule to be replaced

The government has decided to abolish the unpopular 'headcount rule' governing the process of taking a company private.

It will replace it with a new requirement that will safeguard the interests of small shareholders, a government official told the South China Morning Post yesterday.

29 May 2012 - 12:00am

Get only the financial experts on board

JPMorgan's CEO Jamie Dimon has accepted responsibility for the 'hedging' losses at the bank and presided over the mandatory human sacrifices of foot soldiers. But what is the role and responsibility of senior managers and directors in complex and large financial institutions?

29 May 2012 - 12:00am

Family planning for succession

William Ahern: links good governance and long-term family wealth. Photo: Edmond So

As Hong Kong entrepreneurs from the 1960s pass retirement age, their families are faced with the often difficult problems of succession. Liana Cafolla talks to both business experts and family therapists.

30 Apr 2012 - 12:00am

Cost cuts to aid business

Following a waiver of business registration fees from 2010 to 2011, the financial secretary proposed in his budget reintroducing the practice for a year starting next month.

The move, expected to cost the government HK$1.9 billion, is aimed at helping businesses in the face of the uncertain economic situation.

26 Mar 2012 - 12:00am

Public approval at the heart of company caring awards

When the Caring Company award was launched 10 years ago, those of us involved saw it as a way to encourage the creation of closer ties between the business sector and, via social service groups, the disadvantaged.

13 Jan 2012 - 12:00am

Firm bosses still pulling double duty

More than a quarter of locally listed companies still have the same person functioning both as chairman and chief executive in violation of a code of corporate governance laid down by the Hong Kong stock exchange.

9 Jan 2012 - 12:00am

Companies facing board juggling act

Get one in, or kick one out? That's the dilemma many listed Hong Kong companies are facing as the deadline looms for them to rejig their boards of directors in compliance with a new listing regulation.

9 Jan 2012 - 12:00am

Law of demand

Despite the European debt crisis, 2012 still appears promising, and the legal recruitment industry looks set to continue to cruise. This is because the strong regulatory framework that makes Hong Kong a natural industry hub and gateway to the mainland has led to an influx of international businesses, law firms and talent to the city.

7 Jan 2012 - 12:00am

Connected dealings and other sinkholes

The typical listed company is a well-oiled funding machine: it can borrow from banks, it can sell shares, it can issue bonds, it can seek advances from suppliers, and so on. Usually there are only a handful of people at the top who control such funding levers and have much of a clue about what is going on.

7 Nov 2011 - 12:00am

Charity events would not be out of place in a democratic socialist society

During the Occupy Central protest last month, I gave my views on charity events like the Central Rat Race ('Anti-Wall Street protest reaches Asia's capitals', October 16).

The report prompted a critical response from Maggie W. C. Cheng ('Restricted view of philanthropy', October 20).

3 Nov 2011 - 12:00am

SFC report must meet needs of wide audience

As a public body, the Securities and Futures Commission (SFC) places importance on transparency and accountability in the way it operates, which also includes the way the SFC produces its annual report.

2 Nov 2011 - 12:00am

Plan to limit number of directorships scrapped

The stock exchange will not proceed with a plan to limit the number of directorships any one person can hold, but will require companies to ensure that at least one third of its board members are independent by the end of 2012.

29 Oct 2011 - 12:00am

Warning over lack of global compliance

Financial and tax reporting is becoming increasingly challenging for multinational companies, according to a report by auditor Ernst and Young.

More than 200 finance and tax executives - working for either Fortune Global 500 companies or Forbes Global 2000 companies on global compliance and reporting - were surveyed earlier this year

26 Oct 2011 - 12:00am