In many countries in Asia, it is claimed that concentration of ownership/control by families of companies causes particular difficulties with corporate governance. For example, Hong Kong billionaire Richard Li owns 75 per cent of Singapore-listed Pacific Century Regional Developments. Instructions: (5 marks each)

1. Examine corporate governance guidelines and identify specific recommendations for practice aimed at protecting minority investors.

2. Would these suggested practices be effective where there is a higher concentration of family control in a company?