Hong Kong in its economic boom…
- Setting standards and codes of conduct for prevention of bribery
- In the early years, one of the key focuses of the advisory services to private sector was working closely with regulators to set standards for trades and professions.
- One of the most important early efforts was the joint effort with the then Legal Department to assist the then Commissioner for Banking to draw up a statutory code of conduct for bankers, with a view to fostering a high standard of ethical culture and integrity in the banking sector. The code was subsequently promulgated by notice in the Government Gazette on 28 November 1986. Banks play a key role in providing capital for business, and a clean banking sector is vital for healthy business development.
Hong Kong as an international business and financial centre …
- Preventing corruption to foster healthy development as an international financial centre
- Another significant achievement was our pivotal role in successfully making the HKEx a scheduled public body under the POBO in 1999, and subsequently helping it to put in place fair and anti-corruption practices through a series of corruption prevention system reviews.
- As much as the Stock Exchange is important to the development of the financial market in Hong Kong, ensuring clean operation of the stock exchange is of great importance in ensuring the healthy and corruption-free development of the financial market.
- Promulgating corruption prevention measures to help businesses strengthen corporate governance
- To promote and pass on advice on corruption prevention practices to the private sector more efficiently, we started to compile and publish a series of “Best Practice Packages (BPPs)” on corruption prone areas or sectors (e.g. purchasing, construction industry) for use by business operators in late 1990s. Since then, over 50 BPPs have been produced.
Mission continues …
- Capacity Building for the private sector
- Riding on the concept of BPPs, we started to increasingly adopt “capacity building” as our strategy to help the private sector prevent corruption (i.e., build up the capability and expand the capacity of private sector management staff to help their own organizations prevent corruption). That is to transfer knowledge of corruption risk assessment and prevention to them through guides, training materials and training.
- In collaboration and partnership with the relevant trade and professional bodies, as well as regulators, over the years, we have produced a wide range of guides, toolkits, and training and self-learning packages for use by private sector entities and training institutions.
- Building in corruption prevention competency in the Qualifications Framework
- In 2013, we launched a new initiative to inject corruption prevention education and training into the Qualifications Framework (QF, 資歷架構), so as to enhance the corruption prevention knowledge and capabilities of managerial/supervisory staff of various industries. This offers us the potential to promulgate corruption prevention knowledge to 21 industries covered by the QF, which involve some 1.9 million employees (i.e., over 50% of the local workforce).
- With the retail industry being the pilot under this initiative, we have Units of Competency on corruption prevention a set of relating training resources for the retail industry.