Kan, Leo Kin Leung 簡堅良
Censure/criticism of ex-directors of Champion Technology (0092) and Kantone (1059)
SEHK, 27-Apr-2020
Breaches of fiduciary duties led to an astounding HK$8.9bn of impairment losses (over 99%) on the value of purported "Tianhuang stones". Left unmentioned is what assets they swapped for this near-worthless treasure. Again, the so-called INEDs were unquestioningly dormant. Paul Kan Man Lok, JP, SBS, CBE etc. should now be stripped of his gongs.
SEHK, 27-Apr-2020
Breaches of fiduciary duties led to an astounding HK$8.9bn of impairment losses (over 99%) on the value of purported "Tianhuang stones". Left unmentioned is what assets they swapped for this near-worthless treasure. Again, the so-called INEDs were unquestioningly dormant. Paul Kan Man Lok, JP, SBS, CBE etc. should now be stripped of his gongs.
Putting the dot back in HK
A deep dive into HK's "not-for-profit" internet domain registry reveals appalling governance, over-charging, continuing conflicts of interests and a severe case of corporate obesity. In late 2015, having hoarded enough cash to run the registry for 9 years, the Government-controlled board reversed a fee cut, losing a quarter of registered domains over the next 3 years, while seeking ways to squander the surpluses on mission-creep rather than return the cash to users. There is a better way. (25-Apr-2019)
A deep dive into HK's "not-for-profit" internet domain registry reveals appalling governance, over-charging, continuing conflicts of interests and a severe case of corporate obesity. In late 2015, having hoarded enough cash to run the registry for 9 years, the Government-controlled board reversed a fee cut, losing a quarter of registered domains over the next 3 years, while seeking ways to squander the surpluses on mission-creep rather than return the cash to users. There is a better way. (25-Apr-2019)
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