Shareholder activists acquire shares in listed companies to effect changes by removing directors, lobbying for policy decisions, influencing disposal or restructuring of assets, demanding dividend payments and more. Sometimes, the battle is fought by proxy war at an EGM or AGM, and other times in the media. As a last resort, the battle is taken to Courts. They are often the offshore ones of Bermuda and the Cayman Islands, where the majority of companies listed on the Hong Kong Stock Exchange are incorporated. Governance professionals need to understand possible actions of activist shareholders and be well prepared for holding EGMs and AGMs.
In this seminar, governance professionals will hear from a seasoned legal practitioner on the following matters:
- What aggressive US strategies are being used by minority shareholders against listed companies?
- Are activist investment funds being supported by more traditional “passive investors” behind the scenes?
- How should directors of listed company boards respond to activist campaigns?
- How is social media being used to attack company boards?
- Can requisitioning a meeting become contentious? Will Cayman Islands and/or Hong Kong Courts order an EGM to take place?
- When will activist shareholders’ votes be “disallowed” by a Court?
Mr Ian Mann
Seat guarantee will only be given to HKICS Fellows and/or Practitioner’s Endorsement (PE) holders if registered 10 clear working days with payment prior to the date of the seminar.
Note: The following fees for member, graduate and student are fees after 10% discount.