Looking for business opportunities outside Hong Kong? Here are a few tips to stay out of trouble and establish a reputation that will bring satisfied customers and profits.
Companies and organisations are strongly advised to:
- formulate company policy on zero tolerance against corruption and strict compliance with the Prevention of Bribery Ordinance (POBO) and anti-corruption laws of the jurisdictions where it carries out its business, and require all staff and agents (including those stationed or employed overseas) to comply with the policy.
- strictly prohibit staff and agents from bribing any persons, including foreign public officials, for securing business or their assistance, influencing their decisions, or in any way contrary to POBO or anti-corruption laws of the jurisdictions.
- seek advice on overseas anti-corruption laws and proper trade practices from appropriate bodies such as the related countries’ consulates, ministries of justice, anti-corruption agencies, legal consultants, chambers of commerce, trade associations.
- engage legal professionals conversant with the relevant overseas legislations, particularly those on anti-bribery, to vet its codes of conduct, tender and contract documents, and joint venture agreements.
- publicise the anti-corruption policy and probity requirements to enhance transparency and minimise corrupt offers from overseas counterparts such as suppliers, contractors and business partners.
To find up-to-date corruption prevention information:
Corruption Prevention Advisory Service (https://cpas.icac.hk/en/)
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