ICAC Commissioner calls for stronger public-private partnership to curb corporate corruption
2006-5-11
ICAC Commissioner, Mr Raymond Wong Hung-chiu, today (Thursday) says a stronger public-private partnership has to be fostered to avert the adverse impact corruption has on world economies.
"A stronger public-private partnership is the key to curb corporate corruption," he said in his closing remarks at the Third ICAC Symposium - Corporate Corruption, Integrity and Governance . The three-day Symposium attracted over 400 delegates from 41 jurisdictions.
"We law enforcers alone cannot do it all. We need the concerted effort of law enforcement agencies, regulators, professionals and corporate leaders to tackle the problem of corporate corruption head-on."
Hong Kong was a premier international financial and business centre where corporate integrity played a pivotal role in upholding its edge in global competition, he said.
With the Government's unreserved support, the ICAC would continue its relentless efforts to fight corruption through a three-pronged strategy of law enforcement, prevention and community education and promote good corporate governance.
Mr Wong's remarks followed the announcement of the first joint survey by the ICAC and the World Bank Institute (WBI) among conference participants on their perception and attitude in relation to various issues of corruption.
The survey result, announced by WBI Global Programme Director, Mr Daniel Kaufmann, showed that corruption in both the public and private sectors was still, in varying degrees, having an adverse impact on the economies of developed and developing countries . The survey also pointed to the need of yet greater efforts in law enforcement, education and prevention.
Mr Wong urged that cross-jurisdictional and cross-discipline exchanges be continued to generateeven greater synergy in this important global issue of concern.
He said the ICAC would continue to actively pursue the anti-corruption cause in the international arena.
"As the Central People's Government has extended the United Nations Convention Against Corruption to Hong Kong, the ICAC will spare no effort to facilitate international cooperation under the Convention and help other parties develop and implement measure s for the prevention of corruption," Mr Wong said.
The ICAC would soon launch an electronic platform called "ICAC Post" to further enhance mutual understanding and communication with corporate leaders and business executives around the world, he said.
This was in addition to the "International Newsletter" on the ICAC website, which carried regular updates by anti-corruption and law enforcement agencies on global trends in fighting corruption and related crimes.
The two newsletters could serve as a bridge of communication with the overseas law enforcement fraternity and international business community.
A total of 26 experts from law enforcement and regulatory bodies, justice departments, international organizations, accounting and legal professions as well as multi-national corporations shared their expertise in the Symposium.
"A stronger public-private partnership is the key to curb corporate corruption," he said in his closing remarks at the Third ICAC Symposium - Corporate Corruption, Integrity and Governance . The three-day Symposium attracted over 400 delegates from 41 jurisdictions.
"We law enforcers alone cannot do it all. We need the concerted effort of law enforcement agencies, regulators, professionals and corporate leaders to tackle the problem of corporate corruption head-on."
Hong Kong was a premier international financial and business centre where corporate integrity played a pivotal role in upholding its edge in global competition, he said.
With the Government's unreserved support, the ICAC would continue its relentless efforts to fight corruption through a three-pronged strategy of law enforcement, prevention and community education and promote good corporate governance.
Mr Wong's remarks followed the announcement of the first joint survey by the ICAC and the World Bank Institute (WBI) among conference participants on their perception and attitude in relation to various issues of corruption.
The survey result, announced by WBI Global Programme Director, Mr Daniel Kaufmann, showed that corruption in both the public and private sectors was still, in varying degrees, having an adverse impact on the economies of developed and developing countries . The survey also pointed to the need of yet greater efforts in law enforcement, education and prevention.
Mr Wong urged that cross-jurisdictional and cross-discipline exchanges be continued to generateeven greater synergy in this important global issue of concern.
He said the ICAC would continue to actively pursue the anti-corruption cause in the international arena.
"As the Central People's Government has extended the United Nations Convention Against Corruption to Hong Kong, the ICAC will spare no effort to facilitate international cooperation under the Convention and help other parties develop and implement measure s for the prevention of corruption," Mr Wong said.
The ICAC would soon launch an electronic platform called "ICAC Post" to further enhance mutual understanding and communication with corporate leaders and business executives around the world, he said.
This was in addition to the "International Newsletter" on the ICAC website, which carried regular updates by anti-corruption and law enforcement agencies on global trends in fighting corruption and related crimes.
The two newsletters could serve as a bridge of communication with the overseas law enforcement fraternity and international business community.
A total of 26 experts from law enforcement and regulatory bodies, justice departments, international organizations, accounting and legal professions as well as multi-national corporations shared their expertise in the Symposium.