Tuesday 27th April 2010
Dear Reader,
OK, so did you guess right? Here's the answer to yesterday's question...
NEW ARTICLES
MTR Director's Dodgy Degree
Choo-choo! From yesterday's story on
Barrington University, we move down the track to unaccredited Kensington
University, expelled from California and shut down by Hawaii, from which the MTR
Operations Director has a degree in engineering. He is also an adjunct professor
at a HK university!
RECENT ARTICLES
Mengniu Dairy CEO's unaccredited MBA
Moo! Who's got a dodgy MBA then?
The CEO of China Mengniu Dairy has, along with several other listed company
directors we identify. (26-Apr-10)
The Post Office Investment Fund
Following yesterday's Audit
Commission report on Hongkong Post, we look at the potential closure of rural
post offices, removal of its mail monopoly and universal service obligation, and
its cash-rich balance sheet and prime property. We also discuss the Government's
tendency to stash pots of money away in different bodies rather than pass
recurrent spending through the budget and the Legislative Council and manage its
liquid funds centrally. (22-Apr-10)
Shareholders
veto HKEx resolution
Following our recommendation, Webb-site.com is
pleased to note that investors have sent a clear message, voting by 70.2%
against a proposal to allow the company to bypass board meetings and pass
resolutions with a simple majority of signatures. We now call on HKEx to make
this right by amending the Listing Rules to prohibit such articles, which would
weaken corporate governance. (22-Apr-10)
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