Corporate Governance in Hong Kong: 'The State of Affairs'

Compliance & Regulatory Journal, No. 1, pp. 39-48, 2006

19 Pages Posted: 11 Apr 2006 Last revised: 2 Jan 2014

See all articles by Kun-Luen Alex Lau

Kun-Luen Alex Lau

affiliation not provided to SSRN

Angus Young

The University of Hong Kong - Faculty of Law; German-Sino Institute of Legal Studies, Nanjing Univeristy; Hong Kong Baptist University

Date Written: 2006

Abstract

Hong Kong is a unique cosmopolitan business hub driven by pragmatism with a Chinese flair, in which, for many Chinese enterprises, corporate law and governance were introduced as alien concepts. As in many other countries, Hong Kong is obligated by international markets to embrace these requirements. Yet many business operators lack even the understanding of basic company law, partly because the obligations are incompatible with the values and corporate cultures nurtured in Hong Kong. The paper reports five surveys conducted over a period of eleven years that highlight these inferences.

Keywords: Corporate governance, business culture, legal awareness

JEL Classification: K22, M14, G30

Suggested Citation

Lau, Kun-Luen Alex and Young, Angus, Corporate Governance in Hong Kong: 'The State of Affairs' (2006). Compliance & Regulatory Journal, No. 1, pp. 39-48, 2006, Available at SSRN: https://ssrn.com/abstract=896041

Kun-Luen Alex Lau

affiliation not provided to SSRN

Angus Young (Contact Author)

The University of Hong Kong - Faculty of Law ( email )

Pokfulam Road
Hong Kong, Hong Kong
China

German-Sino Institute of Legal Studies, Nanjing Univeristy ( email )

22 Hankou Road
Nanjing, Jiangsu 210093
China

Hong Kong Baptist University ( email )

Renfrew Road 34
Kowloon Tong
Hong Kong

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