An international survey condemns Asian companies for not providing enough information to shareholders and urges regulators to tighten disclosure regimes.
The survey, Investor Attitudes Towards Investor Relations in Asia, conducted by Gavin Anderson & Co, covered 41 institutions in major financial centres between mid-August and mid-September.
It concluded Hong Kong has the best shareholder communications regime in Asia, followed by Singapore. Japan was not included.
North Korea, China, Thailand and India were in the bottom tier, and China was criticised for having the worst disclosure regulations.
'Following the recent financial turmoil experienced by Southeast Asian markets, Asian companies competing for capital will have no choice but to become more transparent,' Mr Anderson said.
Fund managers had found printed material published by Asian companies unsatisfactory and said talking to senior management bred further problems.
