This paper follows the 'law matters' thesis to address the issues of board performance and minority shareholder protection in East Asia. Its principal focus is on Hong Kong, Malaysia and Singapore, whose corporate governance practices will be adopted as proxies for the region. The choice of these 3 jurisdictions is premised on their sharing a common legal system with was inherited from the United Kingdom, and for the relative maturity and easy accessibility of their capital markets within the East Asian region. By adopting a 'top down' approach, this paper reviews the powers and responsibilities of directors and shareholders to highlight the deficiencies within the existing framework. Proposals are discussed to actively cultivate the spirit of entrepreneurship amongst the new generation of directors, shareholders and regulators. This in turn will maximize investment returns of East Asian companies within a prudential system of sound corporate governance practices.
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