SFC reprimands and fines Tanrich Futures Ltd, bans Mr Yip Man Fan for 9 months
SFC, 02-Jun-2009
Yes, but he's still the Chairman and controlling shareholder of the brokerage's listed owner, Tanrich Financial Holdings Ltd.
Orgs
People
Tanrich and the Pay Loophole
Webb-site.com, 17-Mar-2004
We tell you how the Chairman and controlling shareholder of a listed futures firm received a 381% pay rise just 8 months after the IPO. It's a classic exploitation of the pay loophole in the Listing Rules, and there is nothing you can do about it until the rules are amended to allow minority shareholders' approval of excessive pay increases.