Accounting

1. In order to prevent that unfairness, it should have set up more procedures in order to check the transactions for any mergers and acquisitions. I have found some laws that stated in the World Bank that I think is quite good, and it is pretty strict on the privatization process.

The World Bank has set up law that provide for the privatization of State owned enterprises; the function of establishing a Privatization Agency is to ensure that the Agency achieves its objectives.

The Agency may conduct privatization through public offering of shares; sale of shares through negotiated or competitive bids; management or employee buyouts by management or employees of a State owned enterprise; etc.
However, for such privatization, agency should publish the method of privatization in at least two newspapers with a national circulation not less than seven days apart, details of the method of privatization, the bidding terms and conditions should be clearly stated.
For more details restriction on privatization, please refer to the following website.

Reference:

http://siteresources.worldbank.org/INTLAWJUSTICE/Resources/privatization_civil.pdf

1. As Hong Kong is basically functioning under capitalism, Vincent’s suggestion may pose a menace to the potentially major shareholders who possibly possess huge funding ability and business acumen that boaster the long-term development of PCCW. In other words, the proposed regulation to restrict the voting power of the new and huge shareholders may impact negatively (as well as positively) to a company’s future.

Natural law (adhering to the doctrine that emerges by the natural process of resolving conflicts and the content of such law is determinable by reference to moral principles, that is equity in this case) in resolving the overwhelming power of the potentially huge shareholders while authorizing the minority a certain level of rights is deemed desirable. That is, they should be prohibited to grant options to staff. Previously I’ve advocated its undesirability because of its blatant of fairness in society. All shares, like listed public companies, should be transferred in accordance with the marginal use value of each person. All preferences will be embedded in the bid and ask prices. 

Although an alteration of the nature of a private limited company is inevitable, it is deemed to be the fairest practice pertinent to any transfer of ownership.

(No. of words: 200)

References:

http://www.nwlc.org/resource/contraceptive-equity-laws-your-state-know-your-rights-use-your-rights-consumer-guide-0

http://www.lonang.com/foundation/1/f1C.htm

http://www.heritage.org/research/lecture/the-case-for-and-against-natural-law

我想添加一些意见关于你的建议限制新收购的投票权份额在规定的时间内。而不是干扰投票权利通过修改条例,香港政府可能需要参考罗马尼亚政府收购的法律。有法律要求的员工,接受分享奖金,建立一个协会持有股票和运动的大部分所有权在一个3 - 5年的时期。这可能会限制股权收购的可能性将增加的可能性“多数”的成员将支持私有化计划。