Exploring Corporate Governance Around the World

By Allison Garrett, Senior Vice President for Academic Affairs at Oklahoma Christian University

Monday, October 02, 2006

Best Cover Art Ever: ACGA Asian Proxy Voting Survey

Normally, reports on corporate governance subjects have dry, boring covers. Unlike books, which require a catchy cover, the covers of most reports convey simply the subject of the report, the date and the sponsoring organization.

The Asian Corporate Covernance Association has just issued "ACGAA Asian Proxy Voting Season 2006" and the cover of the report is a scream. It draws on the most outrageous tabloid journalism and has titles like "The Shareholder Who Voted: Amazing True Story," and a movie titled "Journey to the Centre of the Depository System." You should take a look at the report if only to see the cool and quirky cover page.

Inside the report, though, is some real meat about this past proxy season in Asia. The three key findings in the report are that:
1. Hong Kong is the leader in shareholder voting practices in Asia, yet Hong Kong still lags far behind the U.S. and U.K.;
2. Voting systems are antiquated and may have the unintended effect of disenfranchising some shareholders; and
3. Electronic voting systems are badly needed.

The report contains specific findings by market and by issue, as well as a number of recommendations.

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