This study aims to examine (1) the strengths and weaknesses of the
financial sector in terms of governance practices; and (2) the
governance compliance level of the sector in Hong Kong. A rating
instrument is designed to test four major governance areas: ‘Board
Responsibilities’, ‘Disclosure and Transparency’, ‘Equitable Treatment
of Shareholders’, and ‘Role of Stakeholders’. Results show that
companies perform best in ‘Role of Stakeholders’ and worst in
‘Disclosure and Transparency’. The total corporate governance score of
the sector has improved by almost twofold during 2003 to 2017.
However, it is disappointing to see that most of the companies barely
meet the merest requirements specified by the regulators; only a few of
them allot resources to support good governance voluntarily. According
to the literature review, this is the first over-a-decade-long longitudinal
research to study the trends of the corporate governance performance
of the financial sector.
Total Reviews: 0
Price:$10.00 $9.99
Reviews
There are no reviews yet.