SSFA Presentation: Proxy Voting Systems and Challenges in Asia

SSFA Presentation: Proxy Voting Systems and Challenges in Asia

21 Sep 2006

Jamie Allen will present the results of ACGA’s inaugural survey of proxy voting systems and challenges in Asia. Co-sponsored by CLSA and TIAA-CREF, the survey covers the many impediments that institutional investors face when voting their shares in the region-and includes a series of action items as to how companies, regulators, custodians and investors can improve the situation. Respondents to the survey included more than 20 major institutions managing US$3 trillion in assets globally. Key findings include:

– Hong Kong emerges as the clear leader in Asia, several percentage points ahead of Singapore. Yet Hong Kong still scores well below Australia, the UK and US.

– Japan and Taiwan are rated as having the weakest voting systems, with Korea not far behind.

– Asian voting systems are strikingly antiquated in many areas, yet could be improved quickly with sufficient will.

Time: 6pm to 8pm, The Executives Club, OCBC Centre,

Free Admission for SSFA & IMAS members; $20 for guests. Limited seats available.

RSVP to admin@ssfa.org.sg by 20 September.

Please click here for the programme.

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