Why Don’t Hong Kong Companies Adopt Anticorruption Programmes — and What to Do About It?

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. 

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2354619

 

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