This paper analyses three major banking crises over the past two decades to explain, on the basis of evidence, why restructuring systemic banks’ balance sheets is the most effective approach when bailing-out a banking system in Hong Kong.

When corruption or other potential wrongdoing comes to light, in-house counsel are typically called upon to manage and direct their company's response. In this session, contestants" selected from the audience will play a version of the game show “Who Wants to be a Millionaire.” Contestants will be asked multiple-choice questions of increasing difficulty related to the principal stages and elements of a company's response to the discovery of potential wrongdoing. The audience will be encouraged to participate to assist contestants. A panel of experienced outside and in-house counsel will comment on and discuss each of the answers given by contestants and the audience, identifying best practices and pitfalls to avoid.

In our annual review of the topics shaping governance today, we consider the ideas that will trend in boardrooms across Canada for months and years ahead. The dominant theme in Davies Governance Insights 2012 is the ability of the shareholder to take control of the governance agenda. In the Power and Influence of Canadian Shareholders, we look at three very different situations in which shareholders succeeded in their demands for governance change. <br /><br />In Boards Seek Fairness for All Shareholders, we describe the TELUS response to empty voting and the trend among mining companies to adopt advance notice bylaws. Both reflect the efforts of boards to resist shareholder actions that do not benefit all shareholders. In Shareholder Democracy Movement Continues we consider the status of majority voting and say on pay and Focus on the Integrity of the Shareholder Vote Intensifies brings up to date developments in the very important, if complex, area of the proxy voting system in Canada. Challenges in Overseeing Operations in Emerging Markets sets out the most important challenges demanding the attention of boards and management teams of issuers with operations in emerging markets. We end our review with a catalogue of the most recent developments in governance standards under New Governance Guidelines, Criteria and Rankings.