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Table Of Contents

What are related-party transactions?
Why related-party transactions, and why now?
Relating RPTs to the Asian crisis
Reaping the benefits with the challenges
The good news
The bad news
Sample cases
A Confucian Legacy: Illustrating Asia’s three ownership models
What’s different about related-party transactions in Asia?
China
Hong Kong
South Korea
What related-party transactions should investors in Asia look out for?
The China syndrome
Expropriation of wealth
Asset sales and purchases between related parties
Fraud and embezzlement
Bailout
Korean credit-card companies
Deprivation of wealth opportunity
Sample cases: Appropriation of control
Sample cases: Usurpation of corporate opportunity
An overview of related-party “wildcards” that affect minority shareholders
How are investors protected from related-party transactions?
Accounting standards
Listing rules
Independent directors
Internal corporate governance systems
Shareholder suits
Are the investor protection mechanisms enough?
Inherent difficulties in reporting all related-party transactions
Improvements in regulatory framework required
Questionable independence of independent non-executive directors
Impediments to taking legal action
How to better protect investors from the risks of related-party transactions
Investors in Asian companies should try to engage controlling shareholders
Corporate boards should include more independent directors
Regulations on related-party transactions should be backed by law
P. 1
Related-Party Transactions

Related-Party Transactions

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Published by JNyma
Cautionary Tales for Investors in Asia
Cautionary Tales for Investors in Asia

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Categories:Business/Law, Finance
Published by: JNyma on Jul 07, 2010
Copyright:Attribution Non-commercial

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12/11/2012

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