Associate Professor Chee Keong Low

The Expectaions of Directors of Listed Companies in Hong Kong: No Difference Between ‘Hard’ and ‘Soft’ Approach?

With a focus on the case of the MTR Corporation in Hong Kong this presentation will assert the need for more effective empowerment of shareholders. The speaker will highlight the fact that there Is no real or material difference between ‘soft law’ and ‘hard law’ as regards the duties expected of directors in Hong Kong. However moral hazard appears to be increasing on the part of investors especially following the Global Financial Crisis and a solution to this problem will be to facilitate a framework through which legal actions against those who are responsible for the losses incurred by the company may be taken.