ACGA's scope of work covers three areas:

1. Research:
   Tracking corporate governance developments across 11 markets in Asia and producing independent analyses of new laws and regulations, investor activism and corporate practices. This research forms the basis for reports, articles and presentations that provide an independent analysis of the reform process in the region.

   Latest report: Our “CG Watch” survey with CLSA Asia-Pacific Markets. The latest 2007 report, which is titled “On a wing and a prayer: The greening of governance”, analyses 11 markets and 582 Asian listed companies. It was published in September 2007.

2. Advocacy:
   Engaging in a constructive dialogue with governments, financial regulators and stock exchanges on practical issues affecting the implementation of better corporate governance practices in Asia. Also speaking to the media on governance issues.

   Current initiatives: The "ACGA White Paper on Corporate Governance in Japan", a new policy document on corporate governance in Japan published by ACGA. It is the first collaborative effort of its kind focussing on corporate governance issues in Japan and involving global institutional investors. It has been compiled with the support and input of ACGA members and is endorsed by leading global pension funds and fund mangers, including: Aberdeen Asset Management, Singapore; Alliance Trust Asset Management (Asia-Pacific), Hong Kong; British Columbia Investment Management Corporation, Canada; the California Public Employees’ Retirement System (CalPERS), USA; California State Teachers' Retirement System (CalSTRS), USA; F&C Asset Management, UK; Hermes Fund Managers, UK; PGGM Investments, The Netherlands; RAILPEN Investments, UK; and the Universities Superannuation Scheme, UK.

   ACGA also submitted a paper in October 2007 to the Singapore Government on “Opening Shareholder Meetings to Fund Managers in Singapore”, which addressed the legal obstacles standing in the way of institutional investors who want to attend shareholder meetings in Singapore, known as the “two proxy card issue”. The paper offered recommendations on how to resolve the issue, namely to amend both the Companies Act and the Listing Manual of the Singapore Stock Exchange.

3. Education:
   Organising conferences and seminars that foster a deeper understanding of the competitive benefits of sound corporate governance and discuss ways to implement it effectively.

   Track record: We have organised seven annual conferences under the banner of the “Asian Business Dialogue on Corporate Governance” since 2001 (twice in Hong Kong, twice in Singapore, once in Shanghai, once in Beijing and once in Tokyo). We are invited to speak at around 25-30 conferences, seminars and workshops around Asia each year. And we co-hosted a Proxy Voting Roundtable in Singapore with the Singapore Association of the Institute of Chartered Secretaries and Administrators (SAICSA) and the Singapore Institute of Directors (SID) in mid-January 2007.