Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

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Hong Kong took first place among the APR countries in terms of corporate governance

According to an annual ranking compiled by the Asian Association for Corporate Governance, Hong Kong companies were the best in the 2013 year among countries in the Asia-Pacific region, beating Singapore for the first time since 2007. At the same time, the overall level of all states has fallen compared to 2012 year.

Hong Kong scored 65 points and took first place in the ranking, ahead of Singapore by just one point. The winning country was rated higher for the high quality of information disclosure that could affect the share price, the reasonableness of the top management compensation and the introduction of a new legal framework for insider trading and market manipulation. Singapore, at the same time, was rated higher for disclosing by the issuers of audited annual accounts for 60 days, mandatory publication of quarterly financial results and for approval at the legislative level of the practice of dismissing directors accused of fraud.

Japan has overtaken Thailand and has taken the third place. At the same time, the worst in the ranking was the Philippines and Indonesia. Continental China retained the 9 line, receiving the same number of points as the 2012 year. The authors of the study continue to question the speed and quality of disclosure of financial information in the Middle Kingdom.

In general, the quality of corporate governance in Asian companies has deteriorated compared to 2012 estimates. South Korea has lost the most points due to the increase in transactions carried out within the country's corporate structures and the deterioration in the field of information disclosure. Hong Kong and Singapore also lowered their scores, with the former scoring 66 and the latter 69 in last year's survey.

The annual study of the Asian Corporate Governance Association (ACGA), conducted in conjunction with the SLCA investment group, is considered one of the most detailed and authoritative in the field of corporate governance in the Asia-Pacific region. This was analyzed by 944 companies from 11 countries, including Singapore, Hong Kong, Thailand, Japan, Malaysia, Taiwan, India, South Korea, China, Philippines and Indonesia.

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