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Shareholder Engagement and Voting in Hong Kong

Research output: Chapters, Conference Papers, Creative and Literary WorksRGC 12 - Chapter in an edited book (Author)peer-review

Abstract

This chapter has reviewed the rights of shareholders to participate in corporate affairs and engage with companies in Hong Kong. With concentrated ownership, it is unlikely that shareholders can change or influence corporate decisions through voting or engagement. Retail and minority shareholders rarely vote in general meetings. The promulgation in March 2016 of the Principles of Responsible Ownership in Hong Kong raised awareness of shareholder participation amongst large institutional shareholders. Legal means of protecting minority shareholders can help institutional shareholders to leverage their weak voting position when demanding changes in controlled firms. However, resorting to legal means is not affordable to retail investors. Hence, facilitating the online voting of retail shareholders and encouraging participation by institutional shareholders might be the best directions for future shareholder engagement in Hong Kong. © 2022 Cambridge University Press.
Original languageEnglish
Title of host publicationThe Cambridge Handbook of Shareholder Engagement and Voting
EditorsHarpreet KAUR, Chao XI, Christoph VAN DER ELST, Anne LAFARRE
Place of PublicationCambridge
PublisherCambridge University Press
Chapter3
Pages45-61
Number of pages17
ISBN (Electronic)9781108914383
ISBN (Print)9781108830881, 9781108823708
DOIs
Publication statusPublished - 2022

Publication series

NameCambridge Law Handbooks

Research Keywords

  • Institutional shareholder
  • Legal mechanisms
  • Online voting
  • Shareholder voting
  • Stewardship code

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