Sunday, January 10, 2010

HK government puppets, business masters

One person multiple votes.

SCMP:

Among the 12 seats, four small functional constituencies had fewer than 200 registered voters, with the financial sector having just 140 - the smallest number of voters in all the functional constituencies. However, the actual number of voters may be even smaller than the official figures, as some large companies can have more than one vote in one sector through their subsidiaries.

In the transport constituency, which had only 178 registered electors in 2008, property tycoon Cheng Yu-tung's New World Development had five votes, including Citybus and New World First Ferry Services.

Tycoon Li Ka-shing's Hutchison Whampoa (SEHK: 0013) controlled at least four votes in this sector with its subsidiaries including Hongkong United Dockyards and Hongkong Salvage and Towage.

With subsidiaries taking in the property, hotel, retail, transport and information technology industries, Li's Cheung Kong (SEHK: 0001) Group and Hutchison Whampoa had at least 20 multiple corporate voters across eight sectors in the 2008 election, according to a search of the two companies' subsidiaries listed in their annual reports. The Kwok family's Sun Hung Kai Properties (SEHK: 0016) controlled at least 10 votes, with a number of voters in the tourism sector, including The Royal Garden and Royal Park Hotel.

New World Development had 11 multiple voters, while tycoon Lee Shau-kee's Henderson Land Development (SEHK: 0012) Company controlled at least seven votes. Wharf, chaired by former chief executive candidate Peter Woo Kwong-ching, had at least six votes.


And as expected from a non representative government, they pull from the bin of pathetic ridiculous excuses...

In its consultation paper on constitutional reform, the government noted public views that the functional constituencies electorate should be broadened, but proposed no alternatives.

The paper said:
"This is because the process would be too complicated and involve the interests of many different sectors and individuals. It would not be easy for the community to reach consensus on this matter."

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