ACGA research on general mandate voting in Hong Kong

With Hong Kong falling from joint 2nd to 6th place in our recent 2023 CG Watch rankings, we decided to delve into the market's CG rules which have historically put minority shareholders at a disadvantage. In this research paper, we have put pre-emptive rights under the spotlight by examining general mandate votes at the top 100 in 2023. Despite the significant hurdle shareholders face in vetoing these mandates, investors are making an impact, and the results present a compelling case for reform.