Should listed companies be allowed to adopt dual-class share structure in Hong Kong?

Title: Should listed companies be allowed to adopt dual-class share structure in Hong Kong?
Creator: Chan, Raymond Siu Yeung; Ho, John Kong Shan Ho
Relation: Common Law World Review Vol. 43, Issue 2, p. 155-182
Publisher Link: http://dx.doi.org/10.1350/clwr.2014.43.2.0270
Publisher: Sage Publications
Resource Type: journal article
Date: 2014
Description: The request of Alibaba, China’s largest e-commerce firm, to allow a self-selected group of its past and present management known as the “partners” the right to nominate a majority of the directors in its negotiation with the Hong Kong Stock Exchange for an initial public offering has reignited a new round of debate over the one share, one vote policy, which has survived for 27 years in Hong Kong. This article discusses the viability of allowing the dual-class share structure in the city. Although the United States has adopted the dual-class share structures for decades, this article identifies the major institutional differences between Hong Kong and the United States and argues that Hong Kong should not follow suit due to these differences.
Subject: dual-class share; shareholders' voting rights; stock exchange; Hong Kong; United States; Singapore
Identifier: http://hdl.handle.net/1959.13/1295650
Identifier: uon:19092
Identifier: ISSN:1473-7795
Language: eng
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