ICAC promotes graft prevention among MPF service providers
2000-8-15
The Independent Commission Against Corruption (ICAC) is on full steam in promoting corruption prevention education among Mandatory Provident Fund Schemes (MPF) service providers, with the implementation of the schemes only three months away.
The Commission urges MPF service providers not to turn to corrupt means for business, despite keen competition in the market.
Speaking at today's “Towards Excellence”Seminar for Service Providers of Mandatory Provident Fund Schemes , ICAC's Programme Co-ordinator (Business Sector), Helen Lee Ching Po-han, said company executives should avoid accepting advantages for awarding the scheme to a particular intermediary.
She also noted that it was against the law to leak information on employers and employees to others for personal gains.
Today's seminar aimed to familiarize service providers with anti-corruption laws, enhance their awareness of professional ethics, and discuss ways to improve the standard of practices in the industry.
The seminar was organized by the ICAC and sponsored by the Hong Kong Monetary Authority, the Mandatory Provident Fund Schemes Authority, the Securities and Futures Commission, the Hong Kong Investment Funds Association, the Office of Commissioner of Insur ance and the Poon Kam Kai Institute of Management of the University of Hong Kong.
It was participated by more than 200 managers from 100 MPF service providers.
Since the launch of a one-year corruption prevention campaign in October last year, the ICAC has approached all 20 registered trustees and about 300 intermediaries to publicize the Commission's corruption prevention work and advisory services.
By the end of July, the ICAC arranged more than 70 corruption prevention seminars for frontline workers, reminding them of the need to observe the laws when promoting their services.
The ICAC will also participate in the exhibition "Super Expo 2000” to be organised by the Mandatory Provident Fund Schemes Authority between August 18 and 20. It aims to take the opportunity to enhance the understanding of anti-corruption laws among MPF service providers and members of the public through exhibits and pu blic seminars.
The MPF Schemes, which concern the territory's entire 3.4 million workforce, are expected to attract a contribution of about $10 billion in the first year.
The Commission urges MPF service providers not to turn to corrupt means for business, despite keen competition in the market.
Speaking at today's “Towards Excellence”Seminar for Service Providers of Mandatory Provident Fund Schemes , ICAC's Programme Co-ordinator (Business Sector), Helen Lee Ching Po-han, said company executives should avoid accepting advantages for awarding the scheme to a particular intermediary.
She also noted that it was against the law to leak information on employers and employees to others for personal gains.
Today's seminar aimed to familiarize service providers with anti-corruption laws, enhance their awareness of professional ethics, and discuss ways to improve the standard of practices in the industry.
The seminar was organized by the ICAC and sponsored by the Hong Kong Monetary Authority, the Mandatory Provident Fund Schemes Authority, the Securities and Futures Commission, the Hong Kong Investment Funds Association, the Office of Commissioner of Insur ance and the Poon Kam Kai Institute of Management of the University of Hong Kong.
It was participated by more than 200 managers from 100 MPF service providers.
Since the launch of a one-year corruption prevention campaign in October last year, the ICAC has approached all 20 registered trustees and about 300 intermediaries to publicize the Commission's corruption prevention work and advisory services.
By the end of July, the ICAC arranged more than 70 corruption prevention seminars for frontline workers, reminding them of the need to observe the laws when promoting their services.
The ICAC will also participate in the exhibition "Super Expo 2000” to be organised by the Mandatory Provident Fund Schemes Authority between August 18 and 20. It aims to take the opportunity to enhance the understanding of anti-corruption laws among MPF service providers and members of the public through exhibits and pu blic seminars.
The MPF Schemes, which concern the territory's entire 3.4 million workforce, are expected to attract a contribution of about $10 billion in the first year.