Business Ethics

Industry urged to focus on integrity

The international accounting industry has an urgent need to reform its internal control mechanism to restore investor confidence in the wake of the Enron collapse.

Monday, 18 November, 2002, 12:00am

Ethics hot subject following scandals

The accounting scandals rocking American business have sent shock waves around the world. The repercussions will be widespread and long-lasting, but no one should be patting himself smugly on the back, a leading academic says.

13 Aug 2002 - 12:00am

Nepali workers 'victims of abuse'

More than half of Nepali construction workers believe they are the victims of racial discrimination at work, according to a survey released yesterday.

The Far East Overseas Nepalese Association, which polled 267 construction workers from 50 companies about discrimination and harassment, found they suffered from low pay and poor conditions.

12 Aug 2002 - 12:00am

Ethics study finds little resistance in East Asia

A WORLD BANK STUDY SUGGESTS that corporate programmes to promote business ethics and root out corruption in East Asia do not face the level of cultural resistance that has often been assumed.

28 Jul 2002 - 12:00am

Morality back on corporate agendas

'YOU CAN'T LEGISLATE morality.' There was a prophetic irony in the words of Joseph Berardino, then chief executive of Arthur Andersen, when he spoke at the Fortune Global Forum in Hong Kong last May.

Mr Berardino was talking about China, but his comments soon acquired a deeper resonance closer to home.

7 Apr 2002 - 12:00am

Industry giant seeks review of US system after Enron

The United States should overhaul its accounting system to develop a principle-based approach similar to that used in Hong Kong, according to the chief executive of PricewaterhouseCoopers.

'We think the principle-based concept, which is inherent in International Accounting Standards (IAS), is the better answer,' Samuel DiPiazza said.

4 Mar 2002 - 12:00am

Soul-searching by 'shoe geeks' led to social responsibility

Footwear and apparels giant Nike acknowledged its socially irresponsible behaviour in the early 1990s and spoke about the soul-searching that led to its corporate social responsibility policy at the CLSA Investors Forum yesterday.

17 May 2001 - 12:00am

Price of dirt is rising

Business and human rights; corporate social responsibility; ethical investing - in Hong Kong?

This month appears to be the one for ethic-speak. The usual non-issue for the majority of Hong Kong's investing public seems to be creeping its way into the realms of corporate debate.

16 May 2001 - 12:00am

University says 'no' to sexual harassment

Sexual harassment would not be tolerated at the University of Hong Kong (HKU), acting dean of student affairs Professor Rosie Young Tse- tse said.

The latest incident involved photographs of naked women on the Internet, with the claim they were pictures of female students taken in university hostels.

10 May 1999 - 12:00am

Youths target of ICAC drive

High tolerance of corruption among young people has spurred the Independent Commission Against Corruption (ICAC) and Education Department into action.

A recent ICAC survey revealed 57.6 per cent of people aged 15 to 24 were tolerant of corruption in the business sector, compared with 26.8 per cent of those aged between 45 and 64.

15 Sep 1998 - 12:00am

Conference on professional ethics

I am delighted at the magnificent turnout for the conference on professional ethics today. More than 200 senior executives of financial institutions are making time in their busy schedules to discuss the subject.

11 Sep 1998 - 12:00am

Conference on professional ethics

What distinguishes a profession from any other activity in a community is that members commit themselves to rules which enable the community to tell immediately that the profession is of great value to it. Thus, professions will have codes which bind their members to a common professional goal.

11 Sep 1998 - 12:00am

Highest standards key to HK's success

Hong Kong's economic success is built on a number of pillars: entrepreneurship, pursuit of free market policies, commitment of the rule of law, and a flexible and resilient business sector.

Another factor of equivalent significance is our adherence to, and upholding of, business ethics, which is critical to Hong Kong's position as an international financial centre.

11 Sep 1998 - 12:00am

Widespread accounting fraud tarnishes Anhui province

Financial data has been falsified to produce rosy state sector economic reports, mainland officials say.

National auditors yesterday confirmed widespread falsification of data by cadres in Anhui province, which has claimed spectacular economic growth.

27 Feb 1998 - 12:00am

Landlords rebuff retailers

Calls by some Causeway Bay retailers for a 40 per cent rent cut have been rejected by landlords as 'showing no respect for business ethics'.

About 100 shop operators from the Hang Lung Centre took to the street yesterday to petition the Hang Lung Development Company in Central.

They wanted a 40 per cent cut and rents waived for three months.

12 Feb 1998 - 12:00am