从 h 从从从从从从 most hk listed companies are

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从 H 从从从从从从 Most HK listed companies are incorporated overseas, especially in Bermuda, Cayman Islands and Mainland China (H share companies). 5. 香香香香香香香香香香香香香 Division of Authority between the Shareholders’ Meeting and the Board of Directors 从从从从从 4 从从从从 从从从从从从从从从从从从从从从从从从从从 The following four areas are prescribed under the Co. Ord. to be exclusively within the authority of the shareholders’ meeting. The board of directors cannot interfere. i. 从从从从从从 公公公 changing the constitution or name从从 8,13,22 从从 ii. 公 公 changing the capital ( 47E,49BA,49E,49D,49I,50, 53-55,57B- 63A,166-7) iii. 从从从从从 appointment and removal of auditors从从 131 从从 iv. 公公 从从 removal of directors从 157B ) (Co Ord does not provide for 6
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appointment of directors. Under Table A directors are appointed by shareholders’ meetings.) 从从从从从从从从从从从从从从从从从从从从 A 从从从从从从从从从从从从从从 Note: Both shareholders’ meeting and board of directors can wind up the company. 从从从从从从从从从从从从从从从从从 i. 177 : 从从从从从从从从从从从从从从从从从 Petition (application) by creditors or shareholders followed by court order, ii. 228 : 从从从从从从从从从 , 从从从从从从从从从从从 voluntary winding up (shareholders’ resolution only, no court involvement), iii. s.228A 从从从从从从从从从从从从 , 从从从从从从从从从从从从从从从从从从从从从从从从从从从从从从从从从从从从 , 从从从从从从从从从从从从T hrough director’ resolution, no shareholders’ resolution is involved. Normally, the notice of directors’ meeting can be shorter than the notice of shareholders’ meeting by up to three weeks. 从从从从从从从从从从从从从从从从从从从从从 ( 从从从 ) 从从从从从从从从从从从从从从从从从从从从Distribution of all other duties are delegated by shareholders. Table A, Art 82 provides that the board of directors is in charge of all other matters other than those prescribed by i. the law (see Topic 5), ii. the memorandum and articles of association of the company, and iii. shareholders’ directions following special resolutions. A 从从 82 从从从从从从从从从从从从从从从从从从从从i. 从从从从 (从从 5 从从) ii. 从从从从从从 iii. 从从从从从从从从从从从 公公公公 公公 从从从从从从 公公 从从从从从从从从从从从从从从从从从从从从从从从从从从从 HK companies have no supervisors such as those in PRC companies. Supervisors are representatives from staff members and shareholders. Their function is to ensure that company officers abide by the law.
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