Hong Kong remains a safe and world-class city with unlimited potentials amidst the recent challenges. Results of a few international surveys were referenced to prove Hong Kong’s effective rule of law with respect to independent judiciary, robust anti-corruption regime, as well as effective and sound legal system. Paramount to the rule of law and sustainable growth of the economy is the ICAC's unwavering commitment to preventing and fighting corruption in both the public and private sectors.

Please click here to view the ICAC Post.

Accounting professionals not only play crucial roles in the financial management and corporate governance of an organisation, they also have an overriding duty to protect the public interest. Given their unique roles and duties, professional accountants must uphold the highest integrity standard and stay vigilant to various ethical risks and challenges.

The Hong Kong Business Ethics Development Centre (HKBEDC) has developed a series of feature articles highlighting the ethical risks faced by external auditors, internal auditors, financial accountants and management accountants respectively. The articles also cover the legal obligations and professional principles these accounting professionals should pay heed to in tackling ethical challenges.

HKBEDC has also developed a wide range of corruption prevention resources for other industries and targets. Please click here to find out more.

Some business operators may offer gifts and hospitality to their business associates to maintain good relationship and expand the company’s network. Is there anything we should watch out for when offering business gifts?

The Hong Kong Business Ethics Development Centre (HKBEDC) has recently produced a feature article to decipher the legal and ethical concerns behind offering gifts and give “smart” tips to SMEs for conducting their business ethically. Please click here to view the article.

HKBEDC maintains a “SME Corruption Prevention Network” comprising over 70 trade associations of different industries. Corruption prevention information is shared with their members regularly. Trade or business associations interested in joining the Network are welcome to contact us at 2587-9812.

Hong Kong has consistently remained in the band of the top 20 economies with very low levels of corruption in the “Corruption Perception Index (CPI)” published by the global anti-corruption watchdog Transparency International (TI). The city is ranked the 14th least corrupt place among 180 countries/territories in the CPI 2018.

The ICAC Post took the opportunity to interview Ms Delia Ferreira Rubio, the Chair of TI, during her visit to Hong Kong last month. Ms Ferreira Rubio praised the independence and effectiveness of the ICAC which makes Hong Kong being well-positioned in the CPI over the years. In view of the fight against corruption, Ms Ferreira Rubio also shared some major global challenges and introduced the “4Is” formula in fighting corruption. She emphasised the importance for the society to cultivate a zero tolerance culture against corruption.

Please click here to watch the interview.

The latest issue of the ICAC Post introduces the upcoming ICAC’s TV drama series 2019 and the ICAC Symposium. The Commissioner tells how the ICAC has gained wide community support and international acclaim in the battles against corruption over the past 45 years; while the former Director of Investigation shares reflections on his 35-year anti-graft journey.

Please click here for the 35th issue of the ICAC Post.

With Hong Kong’s well-established legal system, robust market and close connection to the Chinese Mainland, more Mainland enterprises are seeking to go public and raise funds here. The Hong Kong Business Ethics Development Centre (HKBEDC) has produced a Training Module to help companies’ management enhance knowledge about local anti-corruption laws and the possible ethical challenges during the listing process.

The Training Module comprises:

• Training Video for Mainland Enterprises Planning to be Listed in Hong Kong

(available in Putonghua only) - featuring legal and regulatory requirements related to listing in Hong Kong.

• Pamphlet for Mainland Enterprises Planning to be Listed in Hong Kong

(available in Simplified Chinese only) - covering major provisions of the Prevention of Bribery Ordinance, roles and responsibilities of company directors in ethical governance, and corruption prevention services of the ICAC.

Please click here to access the module.

For more information on the free services and resources on ethical management provided by HKBEDC, please contact us at (852) 2587-9812 or hkbedc@crd.icac.org.hk.

“Times change. The mission continues”. The new issue of “ICAC Post” unveiled the Commission’s latest TV commercial and activities in celebration of its 45th anniversary. Chairmen of the four ICAC advisory committees elaborated on ICAC’s unwavering determination to keep Hong Kong corruption-free. Reports on 2018 corruption complaints figures and findings of ICAC Annual Survey were also released.

Please click here for the 34th issue of the ICAC Post.

Imagine you are a partner of a start-up company… What would you do if you find out your business partner and your supplier are brothers, and they even deceive your company with bogus invoices?

The Hong Kong Business Ethics Development Centre (HKBEDC) has launched the "Starting-Up Right! Tips for achieving Business Excellence" feature article series to bring out the ethical issues pertinent to start-ups. The latest issue highlights the common corruption loopholes in the procurement process, and provides recommended safeguards. Please click to view the latest article.

HKBEDC stands ready to provide free services and resources on ethical management for business organisations. Please contact us at 2587-9812 or hkbedc@crd.icac.org.hk for more information.