Hong Kong takes pride in being a leading international financial centre, but it has its share of boardroom shenanigans and dubious dealings it would rather keep hidden.
Investors, however, have become a lot more familiar with the foibles of Hong Kong's business elites, thanks to the efforts of one man.
Since 1998 David Webb, a 44-year-old retired investment banker who manages his own money and runs a financial and corporate governance website (www.webb-site.com), has made it his mission to defend the rights of minority shareholders and improve corporate governance in Hong Kong. And he is succeeding. “Things are gradually moving forward. Otherwise, I'm wasting my time,” he says.
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