M A N A G E M E N T I N S I G H TM A N A G E M E N T C R E D E N T I A L SM A N A G E M E N T S U P P O R T Legal Definition Section 9 of the Prevention of Bribery Ordinance (1) Any agent who, without lawful authority and reasonable excuse, solicits or accepts any advantages…..in relation to his principal’s business (2) Any person who offers…

M A N A G E M E N T I N S I G H TM A N A G E M E N T C R E D E N T I A L SM A N A G E M E N T S U P P O R T Legal Definition Section 9 of the Prevention of Bribery Ordinance (3) Any agent uses any false documents intended to mislead his principal (4) Principal’s permission

M A N A G E M E N T I N S I G H TM A N A G E M E N T C R E D E N T I A L SM A N A G E M E N T S U P P O R T Types of Business Corruption Kickbacks Inflated invoices Short delivery Bogus transaction Sub-standard goods False certification Selling of information Favouritism Conflict of interest

M A N A G E M E N T I N S I G H TM A N A G E M E N T C R E D E N T I A L SM A N A G E M E N T S U P P O R T Types of Corruption-related Fraud Corporate Fraud Banking Fraud Property Fraud Forex Fraud Stock Exchange Fraud Insurance Fraud Credit Card Fraud Cellular Fraud

M A N A G E M E N T I N S I G H TM A N A G E M E N T C R E D E N T I A L SM A N A G E M E N T S U P P O R T Most Vulnerable Sectors Property Management Construction Finance & Insurance Trading Tourist industry

M A N A G E M E N T I N S I G H TM A N A G E M E N T C R E D E N T I A L SM A N A G E M E N T S U P P O R T Bad effects on society Double standard Identical to deception and theft Breach of trust Protect investment Level Playing field Consumer interest Financial Market stability Public safety Catalyst to organized crime & crime

M A N A G E M E N T I N S I G H TM A N A G E M E N T C R E D E N T I A L SM A N A G E M E N T S U P P O R T Food for thought How much time do I give to maintaining staff integrity? How much resource do I allocate? Do I believe in “Don’t wash your dirty linen in public”? Do I have a comprehensive anti- corruption strategy? Do I have effective internal regulations? Do I have declaration system to avoid conflict of interest? Do I have a code of ethics for staff?

M A N A G E M E N T I N S I G H TM A N A G E M E N T C R E D E N T I A L SM A N A G E M E N T S U P P O R T Food for thought How do I encourage whistle blower? How do I promote and reinforce a culture of probity and honesty among my staff? What kind of example am I setting in my personal conduct? Do I have a dedicated internal investigation and monitoring unit? Do I have an effective system to detect early sign of corruption? Do I develop a set of best practice for corruption prevention?