BANK OF EAST ASIA, LIMITED (THE)
東亞銀行有限公司
Hereditary "independent" directorship at COLI (0688)
Company announcement, 18-Mar-2013
David Li Kwok-po, who has been "independent" non-exec director of COLI for nearly 21 years since its IPO, is succeeded by his son, Brian David Li Man-bun. Their Bank of East Asia has been a banker to COLI since the IPO too, so the business relationship makes them non-independent in our view.
Letter to Donald Tsang
Webb-site.com editor David Webb has written to Hong Kong's Chief Executive with the results of our opinion poll on whether David Li Kwok Po should leave the Executive Council. (15-Feb-2008)
Resign, Mr Li
Early today HK time, avoiding local press coverage, the US SEC announced David Li's HK$63.2m settlement of charges of insider tipping in the Dow Jones case. We call on him to do the honourable thing and resign as a member of Hong Kong's cabinet and legislature. (6-Feb-2008)
Almost No Mandate
The tide is turning in Hong Kong's battle for pre-emptive rights. In a close shareholder vote, the board of HKEx almost lost its general mandate to issue new shares, by asking for a 20% cash mandate, against the recommendations of Project Vampire. And this is the company whose subsidiary makes the Listing Rules which allow such mandates in the first place. Things weren't much better over at Bank of East Asia, either. (5-Apr-2004)
Bank of East Asia voting recommendations
The first AGM of the year in Project Poll is on 31-Mar-04, beating HKEx by a few hours. We produce our voting recommendations, including a vote against the re-election of a not-so-independent INED and against the general mandate. (15-Mar-2004)
Bank of East Asia Voting Recommendations
The first AGM in Project Poll is on 25-Mar-03, and we produce our voting recommendations, including a vote against the re-election of Lee Shau-kee and against the general mandate. (16-Mar-2003)
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