The Hong Kong ICAC (Independent Commission Against Corruption) has been perhaps too successful in fighting corruption over the years. Yet, a wave of corruption cases and the recent dismissal of a senior business executive from the ICAC’s own ethics panel shows gaps in the system.
In this paper, we discuss what Hong Kong lawmakers can do to tighten up company anti-corruption efforts in the city-state. Making companies liable for corruption represents a first step. Making the ICAC’s Ethics Resource Centre more than a showcase — based on similar models from the US and other jurisdictions – will also help.