Tuesday 21st January 2014
Dear Reader,
NEW ARTICLE
Solving the MPF-LSP offset problem
We explain the historical
context of the Long Service Payment and the offset arrangement against
employer's Mandatory Provident Fund contributions, which is now an impediment to
full portability, efficiency and lower costs in the MPF system. We provide a
solution to this problem which, while not cost-free to employers, is better than
the political alternatives, so they had better support it. (21-Jan-2014)
RECENTLY ON WEBB-SITE
Glorious failure
in the Cayman Islands
We look at the curious circumstances
behind the failed privatisation of Glorious Property (0845) and call on the
Cayman Islands and Bermuda, where 75% of HK-listed companies are incorporated,
to follow HK in abolishing the headcount test. (19-Jan-2014)
Does gender diversity
add value to HK boards?
We present empirical evidence, using
the Webb-site Total Returns series on all stocks and Webb-site Who's Who for all
boards in HK over the last 10 years to 2013. (17-Jan-2014)
IN OTHER NEWS
Policeman
penalised for failure to comply with POBO notice
ICAC, 20-Jan-2014
Duo in
court for alleged bribes-for-employment
ICAC,
20-Jan-2014
Libertarian Investments Ltd v Thomas Alexej Hall
HK Court of Final Appeal, 16-Jan-2014
Integrated Capital (Asia) Ltd v Zhang Kaijun & others
HK Court of First Instance, 15-Jan-2014
Mr
Zhang is or was Chairman of a company which scrapped its HK IPO after publishing
its prospectus in Dec-2010.
And much more besides...
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