Swire still might have influence over the strategic direction of Cathay, but it doesn’t have complete control. Traditionally the independent directors have voted with the Swire directors including the Chairman to generally point the company in London’s preferred direction.
Given the political climate in Hong Kong it will be interesting to see if the independent directors now side with the Air China directors including the Vice Chairman, particularly with the two “non voting” government directors looking over their shoulders. Should that occur Swire don’t have the numbers to pursue any agenda.
Last edited by Progress Wanchai; 3rd May 2021 at 20:31.