China Southern ends free golf for big clients amid crackdown on corruption
Twenty-five executives at airline's parent company also disciplined in anti-graft drive
The state parent of China Southern Airlines, one of the targets of Beijing’s anti-graft campaign, has closed overseas bank accounts, taken action against corrupt executives and stopped free rounds of golf for premier clients.
The government has been pushing for improved public disclosure by state firms as it steps up a nationwide campaign for greater transparency to fight corruption.
China Southern, which was inspected by the Central Commission for Discipline Inspection late last year, has taken disciplinary action against 25 executives since then, cut down the number of its agents and increased the ratio of direct sales.
It has also reduced the number of its bank accounts to 567 from 689 and mandated all its subsidiaries to have one banking account only, according to a statement posted on the website of commission.
China Southern had also started to monitor 55 of its 133 overseas banking accounts on a regular bases and aimed to cover the reminder before the end of the year, it added.
The carrier had also stopped entertaining its premier clients with free rounds of golf and its own executives were no longer allowed to accept expensive gifts.