Financial Times (March 24)
2015/ 03/ 25 by jd in Global News
In Hong Kong, the Securities and Futures Commission “will not be able to keep an open mind for very long” on whether to allow dual-class shares. Since 1987, Hong Kong has abided by the “current one-share-one-vote principle.” Citing the weakness of corporate governance in Hong Kong, some investors want to retain the current system, while others are calling for change to better compete with U.S. listings where dual-class shares are allowed.
Tags: Corporate governance, Dual-class shares, Hong Kong, Investors, Listings, Securities and Futures Commission, U.S., Vote
