TNAG-1817-FCO40-2578-Broadcasting-in-Hong-Kong-1988 — Page 208

Summary Translation of Press Cutting from Ta Kung Pao dated 19 Mar.1988

Author: TONG Yuk-hon

Title:

Management of Television Broadcasting

Kong

has

Executive

Since its existence, Television Ordinance of Hong

always

Directors

required

and

that

the

of

the

of

majority

administrators principal

television companies shall be British nationals residing

The last amendment

in 1980

1980 added the

in Hong Kong. provision that after the fourth year of the award of the

shares of

at least 51% of the broadcasting licences, television companies shall be beneficially held by local residents or organisations. This additional provision on shareholding does not replace the requirement that the

and principal

majority

of Executive

Directors

administrators shall be

British nationals.

co-existence

of

these

two

The

provisions in the existing

Television Ordinance therefore lay down both nationality

and residence requirements.

2.

Shareholding

in

television companies

has

two

implications: first, the profits of television companies are distributed in accordance with the number of shares a

shareholder holds; secondly,

relating

to

shareholders

of because

legislation

incorporation, company

the

majority

can appoint the principal administrators and