Graft-buster to train managers at 2,000 listed Hong Kong firms

Source: Xinhua| 2017-10-03 11:34:13|Editor: An
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HONG KONG, Oct. 3 (Xinhua) -- Top managers of 2,000 companies listed in China's Hong Kong will receive online training by the region's graft-buster under a program to promote ethical governance and fight corruption.

In the coming year, the Independent Commission Against Corruption (ICAC) will launch a digital package on business ethics, titled "Corruption and Beyond", while its officers will conduct workshops and seminars for senior managers in companies, according to Tuesday's South China Morning Post.

The commission's program coincides with the latest tightening of listing rules by the Hong Kong Exchanges and Clearing, under which companies have to disclose their anti-corruption policies to keep pace with international standards.

Between 2012 and 2016, there were 13 prosecutions by the ICAC against senior managers of listed companies. In one of the cases, a bribe of 100 million Hong Kong dollars (12.82 million U.S. dollars) was involved.

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