Articles: Corporate Governance
Note: most of the articles on Webb-site.com are
about corporate governance, but here we provide a list of those articles which
are not company-specific.
Avoiding the Logjam
Hong Kong is gradually
being submerged in a landslide of printed IPO prospectuses, some running to almost
1,000 pages in bilingual form. Webb-site.com proposes a solution which can
be quickly implemented and avoids a long wait for enabling legislation.
(26-Sep-06)
Yes, there is a Governance Premium
Researchers studying the corporate governance of 168 of Hong Kong's largest
listed companies have found a positive and significant correlation between
corporate governance score and price-to-book ratio. We bring you their paper.
(22-Jun-05)
Companies Bill 2002
Hong Kong is proposing
some changes to the Companies Ordinance. Webb-site.com editor David Webb will be presenting a
submission to the Legislative Council Bills Committee today,
and you can read his submission online. We also look back at the glacial
pace of reform since 1973. (15-Oct-02)
DHL/SCMP's Sell Signal
We've
found it - the best contra-indicator of performance for HK stocks yet -
the DHL/SCMP Business Awards. Sitting at the awards dinner on Thursday
night during a particularly boring speech, we had time to read the track
record of these awards, which looks like a corporate graveyard of Hong
Kong, with a good measure of walking wounded. Remember names like Siu-Fung Ceramics, Peregrine Capital, Akai
Holdings and PCCW? They're all there, and more.... (12-Dec-01)
Widespread
Support for HAMS Proposal
Webb-site.com is
delighted to be publishing today the HAMS endorsement list. The list is an
unprecedented multi-lateral show of support for a policy proposal in the
Hong Kong financial markets. The Government expressed openness to the
idea, and now the market has spoken, loud and clear. HAMS is an essential
element of the future quality and success of our capital markets, and in
turn our financial services sector, the core of our service-based economy.
Now, it is up to the Government to proceed. (3-Sep-01)
CLSA's Pioneering
Work
By kind permission of
CLSA Emerging Markets, Webb-site.com makes available for our
readers their ground-breaking report, "Saints & Sinners",
which includes corporate governance ratings of 495 stocks in their core
coverage of 25 emerging markets. And if you are a CLSA client, find out
more about our work in a global series of presentations hosted by the firm
next week. Read on... (10-Jul-01)
HAMS - Representing
Minority Shareholders
Webb-site.com
outlines our proposal for filling the vacuum of shareholder
activism in Hong Kong. Investor rights are only of value if
shareholders exercise them, and we explain how HAMS - the Hongkong
Association of Minority Shareholders, would lobby for those rights,
exercise them on members' behalf in quasi-class actions, and through
Corporate Governance Ratings, incentivise good governance and deter shareholder abuse. Hong Kong can
only maintain its regional financial market status and economic
competitiveness if this void is filled. We'll also tell you how you can help.
(4-Mar-01, revised 1-Jul-01)
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