Ethics centre established
INCREASING reports of corruption in business has prompted Hong Kong University to set up a study centre to reinforce the teaching of business ethics.
Established by the university's Department of Management Studies, the Centre of Study of Business Values aims to instil in students an awareness of the importance of ethics.
The head of the department, Sally Stewart, maintains that business ethics 'has always been the centre of attention in the business world'.
'The department is attempting to sensitise its students to the issue of business ethics by increasing the number of examination questions based on business values.
'Generally speaking, the topic has been a growing subject in business schools all over the world and the establishment of this centre indicates that it's time for a tertiary institute to address this issue.' The Baptist College has also been running a Centre for Applied Ethics which focuses on research covering social, medical, educational and business ethics.
The Independent Commission Against Corruption (ICAC) has said there were 1,806 business-related corruption complaints reported last year, a 30 per cent increase.
After conducting a survey in about 400 listed companies, the ICAC concluded there is growing apprehension over the worsening of business ethics as the 1997 handover approaches.
'The problem of grabbing quick cash before the handover has cast some worry over Hong Kong business and it seems that business corruption complaints are on the rise,' said regional officer Vanessa So Cheung Lai-ying.