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Articles 1 - 4 of 4
Full-Text Articles in Business Law, Public Responsibility, and Ethics
What Effect Does Financial Law Have On The Wealth Management Industry (And Wealth) In Emerging Markets?, Bryane Michael
What Effect Does Financial Law Have On The Wealth Management Industry (And Wealth) In Emerging Markets?, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
What effect does financial law have on wirehouses' ability to gather customers and their assets in emerging markets? In this presentation, I look at the data showing the primal importance of law in explaining wealth managers' ability to gather assets. I present a synthesis of some of the research on legislative/regulatory change and the growth of the wealth management industry.
Can The Hong Kong Icac Help Reduce Corruption On The Mainland?, Bryane Michael
Can The Hong Kong Icac Help Reduce Corruption On The Mainland?, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
Hong Kong’s Independent Commission Against Corruption (ICAC) serves as the example par excellence of a successful anti-corruption agency. Yet, the Agency works in one of the more corrupt jurisdictions world-wide (the People’s Republic of China). To what extent can the ICAC – and the Prevention of Bribery Ordinance (POBO) which regulates its work – contribute to reductions in corruption on the Mainland? In this paper, we look at the ways in which the ICAC – technically a Chinese agency (albeit operating in a legally independent jurisdiction) – can help to reduce and prevent corruption on the Mainland. We find that …
Last Of The Tai-Pans: Improving The Sustainability Of Long-Term Financial Flows By Improving Hong Kong’S Corporate Governance, Bryane Michael
Last Of The Tai-Pans: Improving The Sustainability Of Long-Term Financial Flows By Improving Hong Kong’S Corporate Governance, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
Hong Kong leads the rank tables as an international financial centre. However, the data indicate that some parts of her corporate governance arrangements probably detract from – rather than contribute to – that leading position. In this brief, we show how excessive shareholding concentration, probably self-dealing, insufficient minority shareholder recourse to mechanisms aimed at protecting their investments, and Hong Kong’s close links with several “tax havens” probably weaken Hong Kong’s role as an international financial centre. We present 18 recommendations aimed at increasing the volume of international financial capital coming to the city by improving Hong Kong’s corporate governance.
Last Of The Tai-Pans: Corporate Governance In Hong Kong, Bryane Michael
Last Of The Tai-Pans: Corporate Governance In Hong Kong, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
How can corporate governance facilitate investment in Hong Kong? In this presentation, I review the main findings of a longer working paper.