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Listing Rules Review Part 3: Count the Votes
In Part 3 of our review of the proposed Listing Rule changes, we look at shareholder democracy, Hong Kong style. Institutions we speak to are often surprised to hear that their votes are seldom counted. Companies persist in an easily-rigged show-of-hands system which hails from Victorian town halls. The Exchange fails to address this adequately. But we have a plan: if they don't fix it, then we will.