This does not inspire confidence that anything will be done any time soon.
OAM
See article:
Family businesses have attracted some bad press in Asia lately, to the relish of corporate soap opera fans. Reliance, India's largest company, has been split up after public feuding between its founder's sons. In Hong Kong, casino king Stanley Ho's company is riven by open warfare with his sister over her share of the dividends. And South Korea's SK refinery group has repelled attempts by a foreign investor to oust as chairman a convicted felon and scion of SK's founding dynasty.
These episodes have revealed grubby goings-on behind the veil of secrecy that normally shrouds the affairs of Asian companies, including many listed ones. The flaws they expose in the region's family-based model of capitalism are another reminder that buying shares in Asian companies and sharing in its economic success can be very different things.
See full Article.
Posts
