28 November 2014
"Weighted voting rights" in Hong Kong
On November 28, 2014, ACGA responded to a concept paper from Hong Kong Exchanges and Clearing (HKEx) on "weighted voting rights" (ie, dual-class shares). We oppose the introduction of such shares on the grounds of fairness and good governance, long-term market valuation, and the operation of the Hong Kong Takeovers Code, among other ...