Originally Posted by
Progress Wanchai
There’s quibbling and then there’s being wrong.
By definition a minority shareholder is any shareholder that owns less than 51% of a company. Every single company on the planet has a largest shareholder. Yet it’s rare that the largest shareholder has management rights when they’re a minority shareholder.
My question still stands. Name one other airline that is run by the board of a minority shareholder. Particularly a minority shareholder that has numerous related interests.
A follow up question. When was the last time a decision made by the JSSHK management team at the airline was the subject of a conflict of interest review?
There's quibbling and then there's being wrong indeed.
Because of grandfathered B shares voting rights, Swire,
the controlling shareholder has 29% of the equity but 52.2% voting control.