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1 4th Asian Roundtable on Corporate Governance Promoting Shareholder Participation Prof. Judy Tsui, Dean, Faculty of Business and Information Systems,

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Presentation on theme: "1 4th Asian Roundtable on Corporate Governance Promoting Shareholder Participation Prof. Judy Tsui, Dean, Faculty of Business and Information Systems,"— Presentation transcript:

1 1 4th Asian Roundtable on Corporate Governance Promoting Shareholder Participation Prof. Judy Tsui, Dean, Faculty of Business and Information Systems, The Hong Kong Polytechnic University, Hong Kong Mumbai, 10-11 November 2002

2 2 VERSUS 1.Common Law VERSUS Civil Law: Shareholder Rights and Investor Protection Hong Kong and the Chinese Mainland: Enforcement Issues; 2.Quality of Financial Reporting and Audit: VERSUS Rule Based System VERSUS Principal Based System

3 3 3.Incentives for Shareholder Activism: Ownership Structure Size of Companies Growth Opportunities 4. Auditor Independence Gul and Tsui (1998) under review in Journal of Accounting Research Management Advisory Services Fees and Earnings Informativeness Another recent study shows that strong corporate boards (Independent Audit Committees) reduces the negative association between MAS & Earnings Informativeness

4 4 Conclusion Management Integrity, Ethics, Top Management Leadership No One size Fits All: Size of Firms Investor Education Directors Training and Continuing Education


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