It has been a long-standing problem posed by the first author in a conference in Marseille in 1990 to characterize semitopological semigroups which have common fixed point property when acting on a nonempty weak* compact convex subset of a dual Banach space as weak* continuous and norm nonexpansive mappings. Our investigation in the paper centers around this problem. Our main results rely on the well-known Ky Fan’s inequality for convex functions.