investors-hurt-by-asias-awful-proxy-voting-systems

Investors hurt by AsiaÆs awful proxy voting systems

Market players can resolve many issues without having to wait for regulatory action, concludes new ACGA/CLSA survey.
Hong Kong has come out on top of a new survey by the Asian Corporate Governance Association ACGA regarding proxy voting of shares for institutional investors. But even Hong Kong lags far behind the benchmark markets of Australia, the United Kingdom and the United States.

ôRemoving the many impediments to proxy voting would, we believe, contribute to stronger and more efficient capital-market development in Asia,ö says Jamie Allen, secretary-general of the ACGA.

The report was co-sponsored by CLSA and TIAA-CREF, one of AmericaÆs most progressive public pension funds, and presented at CLSA's recent investorsÆ conference.

Proxy voting is a game of two halves. The first is getting information to shareholders prior to...
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