The effect of remuneration committee on directors\u27 remuneration in Hong Kong

According to the Code on Corporate Governance Practices (CG Code), listed firms should be overseen by a board of directors that promotes the success of the firm through effective direction and supervision of the listed firm’s affairs. Remuneration paid to directors should be sufficient to attract and retain directors of a caliber required to run the company successfully, but companies should avoid paying more than is necessary. The board should appoint a remuneration committee consisting wholly or mainly of non-executive directors and chaired by a non-executive director. The role of the committee is to make recommendations to the board on executive director remuneration in all of its forms, drawing on outside advice as necessary. According to the CG Code, the committee should consult with the chairman of the board and/or chief executive officer regarding its proposals relating to the remuneration of other executive directors. However, as many listed firms in Hong Kong are majority-owned by individuals and their families, the positions of the chairman and/or chief executive officer are usually held by family members who can influence the level of remuneration paid to directors. In an effort to assess how well the CG Code works, this study examines whether directors’ remuneration is influenced by independent non-executive directors where the chairman of the board is a family member. Findings show that since the introduction the CG Code, where the number of independent non-executive directors on the remuneration committee is high, the committee acts as means of control, which leads to lower directors’ remuneration than in situations where family members have more influence on remuneration committee decisions

Social media, networking, and marketing performance : a study of social enterprises in Hong Kong

Over the past few years, the number of social enterprises has been increasing in Hong Kong. The marketing performance of these social enterprises, however, are found to be problematic. Although some studies have investigated the ways for improving marketing performance of social enterprises through launching various marketing activities, this is surprising that the roles of social media and networking are lacking attention in the literature. In this conceptual paper, we aim at investigating how the implementation of these cost-effective marketing activities, namely (i) social media and (ii) networking, may improve the marketing performance of social enterprises in Hong Kong

Critical Failure Factors in ERP Implementation

Conference Theme: I.T. and Value CreationThis study firstly examines the current literature concerning ERP implementation problems during implementation phases and causes of ERP implementation failure. A multiple case study research methodology was adopted to understand "why" and "how" these ERP systems could not be implemented successfully. Different stakeholders (including top management, project manager, project team members and ERP consultants) from these case studies were interviewed, and ERP implementation documents were reviewed for triangulation. An ERP life cycle framework was applied to study the ERP implementation process and the associated problems in each phase of ERP implementation. Fourteen critical failure factors were identified and analyzed, and three common critical failure factors (poor consultant effectiveness, project management effectiveness and poo555îr quality of business process re-engineering) were examined and discussed. Future research on ERP implementation and critical failure factors is discussed. It is hoped that this research will help to bridge the current literature gap and provide practical advice for both academics and practitioners.link_to_subscribed_fulltex

The opportunity recognition framework in the Hong Kong SMEs context

This paper presents a preliminary framework of opportunity recognition in the Hong Kong small and medium enterprises (SMEs) context. Guanxi and four trait variables, namely self-monitoring, extroversion, selfefficacy and creativity are the independent variables while the number of opportunity recognized by entrepreneurs is the dependent variable in the framework. The model indicates a mediation effect of guanxi between self-monitoring and the number of opportunities recognized, and between extroversion and the number of opportunities recognized. Meanwhile, SMEs marketing characteristics are determined by personalities and behaviour of the entrepreneurs as they do not conform to the traditional marketing theories (Gilmore et al., 2001). This paper provides new research directions to the field of SMEs marketing