📖 ZKIZ Archives

Webb狠批特速 「厚待」大股東

1 : GS(14)@2012-10-10 22:50:25

http://webb-site.com/articles/xpress.asp

15-year total
Under HK Listing Rules, directors pay has been disclosed in annual reports on
a named basis since 2005. In the 8 years to 31-Mar-2012, Mr & Mrs Chan were paid
a total of $268.2m (of which Mr Chan was paid $216.7m), while the total profit
attributable to shareholders over that period was just $60.4m.


Going back further, in the 7 years to 31-Mar-2004, the Executive Directors
were paid $206.0m, while the net loss attributable to shareholders was $307.9m.
The only EDs during that period were Mr & Mrs Chan and their children, but it is
clear from the pay bands that the vast majority went to Mr & Mrs Chan, with one
child earning between $1.0m and $1.5m in 4 of those years and otherwise below
$1m each.


Taking the 15 years together, the Chan family has taken pay of $492.8m, and
the total profit attributable to shareholders was...well, there wasn't any. It
was a total loss of $247.5m. And let's be clear, none of this pay was a breach of
the Listing Rules - because the Listing Rules contain no constraints on such
atrocious behaviour. During the same 15-year period, the
Webb-site Total
Return on the shares was -69.15%.
© Webb-site.com, 2012

....
本報昨日曾致電聯絡特速，暫未獲回覆。
倡修例 薪酬須小股東通過
...
　　浸會大學會計及法律系副教授陳少陽認同建議，並舉例指英國已要求執董的薪酬須得股東大會通過，但他亦解釋，當地上市公司股權分散，因此未有特別區分大股東及小股東。他認為，理論上監管方或同意Webb的建議可加強企業管治，但實際行動上有相當難度，「（大股東會指）要我人工由散戶批，當然不肯。」
上市公司商會：已有獨董審批
　　上市公司商會總幹事黃偉明認為，現時上市公司董事的薪酬須由獨立非執董組成的薪酬委員會審批，過程已非由公司管理層或大股東控制，「要對INED（獨立非執董）有信心」。
...
　黃偉明則表明反對建議，認為要求管理層薪酬與業績掛鈎，或會令管理層追逐短期盈利，漠視長遠發展，不一定是好事。

---

2 : reference(1610)@2012-10-11 10:59:08

"要對INED（獨立非執董）有信心"....frankly I don't have any after attending various board meeting on my pre-IPO / post-IPO projects

---

3 : GS(14)@2012-10-11 21:36:46

2樓提及

---

"要對INED（獨立非執董）有信心"....frankly I don't have any after attending various board meeting on my pre-IPO / post-IPO projects

可以講一些沒這麼敏感給大家學學野?

---