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1995 - The LegCo Report 立法局記事

 

FOREWORD

Dear Friends,

Time is precious, particularly for busy Accountants. I respect this golden rule and would avoid a long-winded monologue.

To reflect on four action packed years in LegCo in a simple record is quite a challenge. But then quotes, figures and lists of factual information would probably tell a better story than a thousand words. I sincerely hope that this report “speaks” of a diligent and committed professional trying hard to serve you, his fellow Accountants, and Hong Kong.

Please vote for ‘Eric Li Ka-cheung’ on Sunday, 17 September and return all those experience and goodwill to the Legislative Council. I shall remain, devotedly, at your service.

Eric
August, 1995

親愛的朋友:

「一寸光陰一寸金」是句至理明言,我極尊重會計師都是大忙人這個定律而不作冗長獨白。

要將緊湊的四年立法局生涯作個簡略紀錄,實不易為,或許善用引述、數據和列表將更能傳神達意。我誠懇的希望這份記事會「活現」一個勤奮而又有承擔的專業人士,他正努力地為您這個會計界同業和香港獻出力量。

請在九月十七日(星期日)投李家祥神聖的一票,您的一票將會有助我帶著所有寶貴的服務經驗和良好信譽,重回立法局專誠為您效勞

李家祥
一九九五年八月


LEGCO IN FACTS & FIGURES

ERIC’S BIOGRAPHY

1991-92

 

1992-93

 

 

 

Ad Hoc Groups

 

Ad Hoc Groups

1.     Organized Crime Bill 1991 (White Bill)

 

1.     Protection of Women and Juveniles (Amendment) Bill 1992 & Protection of Women and Juveniles (Places of Refuge) (Amendment) Regulation 1992

2.     Motion Debate on care for the Elderly

 

2.     Toys and Children’s Products Safety Bill

3.     Guidelines on Disaster relief for Other countries

 

3.     Chiropractors Registration Bill

4.     Professional Accountant (Amendment) Bill 199

 

4.     Multi-storey Buildings (Owner Incorporation) (Amendment) Bill 1992

5.     Smoking (Public Health) (Amendment) Bill 1991

 

5.     Organized and Serious Crimes Bill & the Criminal Procedure (Amendment) Bill 1992

6.     Financing of Airport core Programme

 

6.     Parent and Child Bill

7.     Motion Debate on Retirement Benefits

 

 

8.     Stock Exchange Unification (Amendment) Bill 1991

 

Bill Committees

9.     Stamp Duty (Amendment) (No.4) Bill 1991

 

1.     Trading Funds Bill 1992

10.  Dentists Registration (Amendment) (No.2) Bill 1991

 

2.     Inland Revenue (Amendment) (No.5) Bill 1992

11.  Employment of Financial Consultant

 

3.     Companies (Amendment) (No.2) Bill 1993

12.  Broadcasting Authority (Amendment) Bill 1991 & the Copyright (Amendment) Bill 1991

 

4.     Travel Agents (Amendment) Bill 1992

13.  Inland Revenue (Amendment) (No.2) Bill 1992

 

5.     Motor Vehicles (First Registration Tax) (Amendment) (No.2) Bill 1993

14.  Women’s Commission

 

6.     Legal Practitioners (Amendment) Bill 1993

15.  Prevention of Bribery (Amendment) Bill 1992 & Independent commission Against Corruption (Amendment) Bill 1992

 

7.     Bedspace Apartments Bill

16.  Inland Revenue (Amendment) (no.2) Bill 1992

 

8.     Inland revenue (Amendment) (No.4) Bill 1933

17.  Protection of Women and Juveniles (Amendment) Bill 1992 & Protection of Women and Juveniles (Places of Refuge) (Amendment) Regulation 1992

 

9.     Western Harbour Crossing Bill

18.  Toys and Children’s Products Safety Bill

 

 

19.  Societies (Amendment) Bill 1992

 

LEGCO Committees

20.  Police Force (Amendment) Bill 1992

 

1.     Finance Committee

21.  Chiropractors Registration Bill

 

2.     Public Works Sub-committee

22.  Multi-storey Buildings (Owner Corporation) (Amendment) Bill 1992

 

3.     Committee on Members' Interests

23.  Organized and Serious Crimes Bill & the Criminal Procedure (Amendment) Bill 1992

 

 

24.  Parent and Child Bill

 

Sub-committees

 

 

1.     Formation of Parliamentary Friendship Groups

LEGCO Committees

 

2.     Women's Affair

1.     Finance Committee

 

3.     Companies (Amendment) Bill 1992

2.     Public Works Subcommittee

 

4.     Motion to increase the levies under the Traffic Accident Victims (Assistance Fund) Ordinance

3.     Committee on Members’ Interests

 

5.     Subsidiary Legislation on the merger of Yau Tsim and Mongkok

4.     Hong Kong / Japan Parliamentarians Committee

 

 

 

 

Panels

LEGCO Working Groups

 

1.     Education

1.     Separate Legislation for the Mentally Handicapped

 

2.     Finance, Taxation and Monetary Affairs

 

 

3.     Security

OMELCO Standing Panels

 

4.     Welfare Services

1.     Education

 

 

2.     Finance, Taxation and Monetary Affairs

 

 

3.     Welfare Services

 

 

 

1993-94

 

1994-95

 

 

 

Ad Hoc Groups

 

Ad Hoc Groups

1.     Organized and Seriuos Crime Bill & the Criminal Procedure (Amendment) Bill 1992

 

1.     Organized and Serious Crimes Bill & the Criminal Procedure (Amendment) Bill 1992

 

 

 

Bills Committees

 

Bills Committees

1.     Bedspace Apartments Bill

 

1.     Equal Opportunities Bill

2.     Companies (Amendment) (No.2) Bill 1993

 

2.     Film censorship (Amendment) Bill 1995

3.     Companies (Amendment) (No.3) Bill 1993

 

3.     Occupational Retirement Schemes (Amendment) Bill 1995

4.     Companies (Amendment) (No.4) Bill 1993 & Securities and Futures Commission (Amendment) Bill 1993 & Stock Exchanges Unification (Amendment) Bill 1993

 

4.     Control of Obscene and Indecent Articles (Amendment) Bill 1995

5.     Corrupt and Illegal Practices (Amendment) Bill 1993

 

5.     Banking (Amendment) Bill 1995

6.     Criminal Jurisdiction Bill

 

6.     Inland Revenue (Amendment) Bill 1995

7.     Electoral Provisions (Miscellaneous Amendments) (No.2) Bill 1993

 

7.     Criminal Procedure (Amendment) Bill 1995 & Evidence (Amendment) Bill 1995

8.     The Hong Kong Institute of Education Bill

 

8.     Prevention of Bribery (Miscellaneous Provisions) Bill 1995

9.     Inland Revenue (Amendment) (No.4) Bill 1993

 

9.     Airport Authority Bill

10.  Insurance Companies (Amendment) (No.3) Bill 1993

 

10.  Residential Care Homes (Elderly Persons) Bill

11.  Legal Practitioners (Amendment) Bill 1993

 

11.  Criminal Jurisdiction Bill

12.  Legislative Council (Electoral Provisions) (Amendment) Bill 1993

 

12.  Corrupt and Illegal Practices (Amendment) (No.2) Bill 1995

13.  Motor Vehicles (First Registration Tax) (Amendment) (No.2) Bill 1993

 

13.  Supreme Court (Amendment) Bill 1995

14.  Residential Care Homes (Elderly Persons) Bill

 

14.  Tai Lam Tunnel & Yuen Long Approach Road Bill

 

 

15.  Mandatory Provident Fund Schemes Bill 1995

LEGCO Committees

 

16.  Legal Aid Services Council Bill

1.     Finance Committee

 

 

2.     Public Works Sub-committee

 

LEGCO Committees

3.     Committee on Members' Interests

 

1.     Finance Committee

 

 

2.     Public Works Sub-committee

Sub-committees

 

3.     Committee on Members' Interests

1.     Airport Corporation White Bill

 

 

2.     Financing of Airport Core Programme

 

Sub-committees

3.     Matters Relating to the Formation of Parliamentary Friendship Groups

 

1.     Matters Relating to the Formation of Parliamentary Friendship Groups

4.     Prevention of Bribery Ordinance and Independent Commission Against Corruption Ordinance

 

2.     Sewage Services (Sewage Charge) Regulation 1995 & Sewage Service (Trade Effluent Surcharge) Regulation 1995

5.     Separate Legislation for the Mantally-Handicapped

 

3.     Japan - Hong Kong Parliamentarians Committee

 

 

4.     Hong Kong - Australia Parliamentary Friendship Group

Panels

 

5.     Parliamentary Friendship Group with European Parliament

1.     Administration of Justice and Legal Services

 

6.     Separate Legislation for the Mentally Handicapped

2.     Education

 

 

3.     Finance, Taxation and Monetary Affairs

 

Panels

4.     Welfare Services

 

1.     Administration of Justice and Legal Services

 

 

2.     Financial Affairs

 

 

3.     Welfare Services

 


LEGCO FACTS & FIGURES

Activities Summary

FORMAL SITTINGS

Year

No. of meeting

Present

Absent

Percentage

91-92

34

34

0

100

92-93

34

34

0

100

93-94

34

32

2
(*10.11.93, #2.2.94)

94

94-95

37

36

1
(*30.11.94)

97

Note: *     Left for Beijing on official trips representing HKSA as President (1994) and Vice President (1993) respectively. Signed the historic Memorandum of Co-operation with CICPA on the 1994 trip.

 #  Left for Davos, Switzerland to receive the Award of "Global Leaders for Tomorrow" from the World Economic Forum.

 

LEGCO QUESTIONS RAISED

Year

Oral Question

Written Question

Total

91-92

1

14

15

92-93

1

16

17

93-94

3

14

17

94-95

3

24

27

Total

8

68

76

According to Express News (24.7.95) and Apple Daily (25.7.95), Eric ranked 4th & 5th respectively in diligence, out of 56 Legislators, in terms of the number of questions raised. In addition, I have asked the Governor 7 questions (highest record is 8 questions) during Governor's Question time and another 11 supplementary questions following up on oral questions by other LegCo members.

 

MEMBERSHIP OF COMMITTEES, WORKING GROUPS AND PANELS

(details on pages 2 & 3)

 

91-92

92-93

93-94

94-95

Ad Hoc Groups

24

6

1

1

Bills Committees

-

9

14

16

Committees

4

3

3

3

Sub-Committees or Working Groups

1

5

5

6

Panels

3

4

4

3

Total

32

27

27

29



In Pursuit of Professional Interests

(Lobbying at work)

Politics is an art: The art of persuasion, of making reasonable compromise and above all, the art of reaching the impossible goals. The following achievements were examples of collective efforts made by me and others, with the HKSA playing a central role.

1.   Bills on Incorpopration of CPA practices

I successfully persuaded the Government to advance the Bill for passage in LegCo during the 1994-95 session. I spent more than a month liaising with HKSA to provide explanations and information to many Legislators, either as individuals or respresentatives of political parties, as well as the legal adviser of LegCo. The relevant Bill was duly passed without opposition and the need for a Bills committee on 27.7.1995, the last sitting of the recently dissolved LegCo.

2.   Service Companies

I strongly opposed the suggestion made by the Financial Secretary in his 1994 Budget Speech that the use of service companies by professionals was a method for tax evasion. The threat of legislation has now been withdrawn and the Inland Revenue Department will recognize the existing practices and seek only to regulate the use of this type of service companies by departmental interpretation & practice notes.

3.   Professional Accountants (Amendment) Bill 1994

As President of HKSA in 1994, I explained the spirit and substance of the Bill to Legislators and helped to secure its smooth passage without opposition.

4.   Airport Authority Bill

I persuaded the Government to introduce an amendment to state clearly that the auditor of the Airport Authority must be a Professional Accountant in accordance with a representation made by the HKSA. The Government has also officially recognised the importance of Corporate Governance in a speech made by the Secretary of Economic Services in LegCo at my prompting.

5.   Companies (Amendment) Bill 1995

I successfully lobbied the Government to agree to the use of bilingual forms only for filing returns with the company Registry in future to comply with the representation made by HKSA.

6.   Stock Exchanges Unification (Amendment) Bill

I successfully persuaded the Government to limit the scope of this legislation and to avoid any doubt that the SFC may directly discipline auditors of listed companies on standards and guidelines promulgated by HKSA. An exchange of letters to preserve the autonomy of HKSA is now in place instead of legislation.

7.   Monetary Authorities

I suggested and had subsequently paired the HKSA with the Hong Kong Monetary Authority to jointly study the need for tax incentives in the financial sectors to curb the outflow of investments.

8.   University Grant Committee (UGC)

I made strong representation to UGC for more resources to be set aside for accountancy degree courses. I shall continue these efforts.


WORD POWER IN POLITICS

(Hansard record : translated from Chinese speeches)

Politics

“I have come to a compromise with … the Liberal Party and devised a 1994 package … during these two months I have witnessed all sorts of restraints imposed by the Government on the Legislative Council, the community’s tiredness of the political row, the anxiety of the industrial and commercial sectors as well as the analysis that the 1994 compromise package may reduce the shock. I, just like the other 55 non-official Members of this Council, think that the Government’s 1992 package is not the most responsible and best choice”.

2nd Reading Debate: Bill on political reform, 29.6.1994

 

Hong Kong people’s views on political reform have in this year been divided by China and the United Kingdom … The vast majority of the people of Hong Kong actually do not like to see either China or the United Kingdom gaining the upper hand. I believe that what they want the most is a Sino-British agreement as a result of a process in which there is neither winner nor martyr”.

Motion Debate on Sino-British Talks, 26.5.1993

 

“I think that a responsible way is to send a clear signal to the British Hong Kong Administration that convergence is still an extremely important goal … It should give serious consideration to any counter-demand from China and then come back to this Council to put forth its well-considered proposals for our endorsement”.

Motion Debate on Political Development, 11.11.1992

 

“Since both of the major camps (politicalparties) have an equal number of seats … there is no question of one being able to prevail over the other. They will have to take a pragmatic approach in terms of convincing their colleagues with argument and in the process, the official members and the independents will be in a position to play the role of a moderator

Motion Debate on Exco / Legco relationship, 1.7.1992

 Civil Service

“Caught in the ‘crack’ created by poor Sino-British relation, there is little scope for the people of Hong Kong to hold destiny in our own hands. The loyal and excellent civil servants are the most valuable asset left to help us ensure a limited degree of smooth transition beyond 1997”.

Response to Governor’s Policy Address (1994), 20.10.1994

 

“Members of this Council must not encourage mistrust of the Government process. The imposition of unreasonable constraints on the exercise of Government authority will reduce efficiency, increase costs to taxpayer and distort established priorities. I believe that the people of Hong Kong only expect us to be watchdogs and not bloodhounds”.

Response to Governor’s Policy Address (1991), 31.10.1991

 Business and Taxation

“Businessmen in most countries are minority voters. However, the business sector is the life-line of the economy and to protect the interests of businessmen is, in effect, indirectly protecting the economy itself”.

Response to Governor’s Policy Address (1994), 20.10.1994

 

“The business community is … the all important sector to always keep in mind. It need constant protection by a conscious policy to maintain the lowest possible tax rate. No matter how powerful politicians may have become, they will never be powerful enough to take over the job of the businessmen. Politicians are simply not apt to create wealth and to pay our wages and bills. The harsh reality is that politics which stand at odds with the business community will always succumb after bringing the economy down”.

“In the realms of finance and taxation, there is great virtue in certainty and stability of policy. We must not leave the Government to plan in fear”.

Motion Debate on Review of Tax System, 26.3.1992

 

“The Inland Revenue Department has on some occasions resorted to applying the existing rules and laws aggressively in a zealous attempt to protect revenue. These moves have created some confusion and uncertainty in the present simple tax regime”.

Motion Debate on Tax System, 19.2.1992

 

“I want the Government to clarify that making tax avoidance arrangements is not an offence and that professional people do not have any special “privilege” in this regard … no ‘unsubstantiated allegations’ should be made groundlessly against a vast number of people who are lawfully using limited companies to provide professional services”.

Response to Budget Speech, 24.3.1994

 

“I suggest that Government should make public, and to the Chinese side, the data and methodology used to compile this year’s medium term forecast. It should also invite the Chinese side to take part in the compilation of the medium term forecast for the 1996-97 Budget. This will offer an opportunity for the Chinese to appreciate in advance the macro view of Hong Kong’s future economic outlook and the substantive differences in Budgetary approach between our ‘free market economy’ and their ‘planned economy’. When China negotiates with the British on issues like land sales and the financial arrangements for the airport-railway link projects, they would know first hand that any delay in Sino-British talks may have a significant adverse effect on Hong Kong’s economy in the medium long term”.

Response to Budget speech, 23.3.1995


ADVISERS SHOW SUPPORT

“A clearly committed professional, Eric fully understands the needs of the business and financial sectors. His independence of mind, honest opinions, and objective and balanced views are highly regarded by other Legislative Council members from all political affiliations. If accountants in the business and financial sectors wish to have a dependable and attentive friend in Legco, Eric is a rational choice.”
Dr. David Li Kwok Po,
FHKSA OBE Hon. LLD(Cantab) JP
Legislative Councillor (10/1985 to 7/1995)

“Eric has demonstrated a high degree of professionalism and sound political acumen during his four years of service in the Legislative Council. As President of HKSA last year, he played a prominent role in promoting the accountancy profession. Eric is an effective and respected communicator. His track record in lobbying on behalf of the profession in respect of various important legislation such as the bills on incorporation of CPAs, amendments to the Professional Accountants Ordinance and taxation on service companies demonstrates that he is the most suitable person to represent our profession in the Legislative Council in the next term. He is our best choice.”
Mr. Marvin Cheung Kin Tung,
FHKSA CPA OBE JP
A practicing Accountant and a Legislative Councillor
(10/1991 to 7/1995)

“I know Eric deeply cares about people, his friends and family. As a close friend of his both personally and in the rehabilitation field for more than ten years, Eric impress me as a very genuine and sincere person totally committed to make Hong Kong a better place for all. His years of dedicated and selfless community services speak louder than words. Eric is my rational choice for the Legco representative as a caring accountant with an impeccable reputation in the whole community.”
Mr. Peter Chan Fook Shing,
AHKSA CPA MBE JP
A practicing Accountant and Vice-President of Rehabilitation International

“Eric and I are third generation Hong Kong Accountants. Many of our father’s friends were Accountants and they had watched us grow with the world of accountancy.

As the elder brother, Eric sets an example for me in paying respect to our seniors. He keeps the good Accountant’s traditions of prudence, honesty and resolve. Once Eric makes a commitment, I know that he will try his level best to honour it.

It does not surprise me at all that Eric feels so committed to serve the accountancy profession with our upbringing. He can also count on me absolutely, to support him all the way until he has fulfilled his goals.”
David Li Ka Fai
Bsc FHKSA FCCA CPA
Brother and Partner

“I intend to vote for Eric Li Ka-cheung whom I have known for a number of years and whose contribution in three specific areas in the past leaves me to believe that he will be a valuable member of the Legislative Council.

1.   The accountancy profession should have a sound voice in Legislative Council. Through his time with the Council and as President of Hong Kong Society of Accountants he has shown himself to be a very suitable person to voice the interests of accountants in the Legislative Council.

2.   During the whole process of the Democratic debate over recent years Eric’s role, contributions and personal bearing were an example for Hong Kong and its community.

3.   His long history of contribution in various areas of social welfare is known. Hong Kong needs it. His experience and voice in this area will be a help in the Legislative Council.”
C. Roger Moss
FHKSA
Finance Director of a Major Corporation

“Eric is a man of words, and a man of deeds.

I have known Eric since he was a young Accountant working for his father. He usually calls me uncle S.H. It is not difficult to observe when working with him that he often thinks, plans and acts before he speaks.

Eric is articulate with words, but his deeds give even stronger testimony to his achievements. Please trust him as I do and vote for “Eric Li Ka-cheung” on 17th September.”
Chan Sai Hoi
FHKSA CPA

ADVISERS HAVE A SAY

Alan Aw Took Loke

Fan Sai Yee

Nicholas Baldwin

Albert Au Siu Cheung

Fanny Lai Ip Po Ping

Norman Yuen Kee Tong

Alfred Shum Yuk Man

Francis Lau Mo Kaye

Patrick Paul

Aloysius Tse Hau Yin

Frederick Kung Chun Fai

Patrick Wong Lung Tak

Andrew Ma Chiu Cheung

Ivan Lau Ho Kit

Paul Chan Mo Po

Angel Yan Yuen Yee

Jeremy Barr

Paul Phenix

Anthony Wu Ting Yuk

Jimmy Pun Kwok Wing

Peter Chan Fook Sing

Antonio Chan

John Lee Luen Wai

Phileas Fok Kwan Wing

Brian Chan Wah Kei

John Li Kwok Heem

Philip Wu Tze Cheung

Chan Koon Hung

Jonathan Leung Kwok Hung

Ricky Chong Peng Onn

Chan Sai Hoi

Joseph Cheung Kwok Leung

Ricky Wong Wai Pui

Charles Chan Wai Dune

Josephine Leung York Yee

Roger Best

Chris Hall

Keith Lam Pui chaun

Roger Moss

Daniel Chiu Yue Ming

Kennedy Liu Tat Yin

Stephen Lau Sing Hung

David Gairns

Kenneth Lam Yiu Kin

Tai Hay Yuen

David Li Ka Fai

Lee Man Ban

Tom Chan Kee Sun

David Li Kwok Po

Lui Tim Leung

William Chan Wai Hei

Dudley Harding

Marvin Cheung Kin Tung

Wilson Fung Ying Wai

Edward Lau Ho Man

Michael Chan Kee Huen

Wong Kai Man


 

I take honest advice to heart. Most people in this group of well known Accountants have given me invaluable advice over the years. Some new friends are joining to ensure that the broadest possible spectrum of views can be gauged. They have all given me, in their personal capacity, staunch support by agreeing to regularly advise me on my Legco work, if I am elected. If you know any of the above advisers, please speak to them and will be happy to give you their honest opinion about my candidacy.


PARTICIPATION IN HKSA

 

Council


  President

  1994

  Vice President

  1993

  Council Member

  Since 1989 (4th Term)



Committee's Involvement


Legal and Taxation Committee

 

Member

 

1983-84

Taxation Committee

 

Member

 

1985-90, 95

Disciplinary Committee

 

Member

 

1988-93

Communications Committee

 

Member
Chairman

 

1988-90, 95
1991-93

Government & Public Affairs Committee

 

Member
Chairman

 

1988
1989

Steering Committee on Board of Accountants for Fraud Investigation

 

Chairman

 

1988-89

Current Issues Committee

 

Member

 

1989-93

Committee on Panel of Accountants for Fraud Investigation

 

Chairman

 

1990-94

Steering Committee on Professional Accreditation

 

Chairman

 

Since 1994

China affairs Committee

 

Member

 

1993,95



Other HKSA Involvement


Basic Law Working Group

 

Member

 

1986-90

Second Long Range Plan Working Group

 

Member

 

1986-87

Second Long Range Plan Interim Review Working Group

 

Chairman

 

1990

Research Board

 

Member
Chairman

 

1991-92
1993

Cadbury Report Working Group

 

Member

 

1992

Third Long Range Plan Working Group

 

Member

 

1992

 

ERIC ON RECORD (WITH HKSA)

CHINA RELATIONS

“While our vision must be set far and wide, the immediate focus must be to court a rational relationship with China. To get it right, we must be proactive rather than reactive … We need to actively promote the profession to officials and the business community in China and to show them what instrumental parts we play in a free market economy.”

President’s Message, The Hong Kong Accountant, Jan/Feb 1994

 

“We would also like to see high standards, similar to those in Hong Kong, emerging among our Chinese counterparts in professional practice, in ethics and in status. The greater harmony we can achieve in standards and in practices, will mean greater unity and mutual strength in competing in the world economy. I believe that this is an important message to impress upon the Chinese authorities, particularly those taking part in the formulation of economic and financial policies.”

“I believe we should welcome mutual recognition as a desirable ultimate goal. However, it is equally important for us to recognize the fact that standards and practices in China and Hong Kong are not similar at this point in time. The lengthy process of harmonization will take time and will be achieved in stages. It requires patience, open access to information, mutual understanding and respect, as well as requiring possible significant adjustments to be made on both sides.”

President’s Statement, (dated 18.10.1994), HKSA Annual Report 1994

 

“We visited the Hong Kong and Macau Affairs Office. Among other things, we are encouraged by their assurance that China would not like to see their accountants coming over to the Special Administrative Region in great numbers and overwhelm the job market here.”

“Our delegation to China in late November saw the signing of the Memorandum of Co-operation with the Chinese Institute of Certified Public Accountants (CICPA), defining the objectives and scope of co-operation between the two bodies, which focused on communication, training and harmonization of professional standards and practices.”

President’s Speech at 22nd AGM of HKSA, 16.11.1994

 

EDUCATION

“The intense planning that has gone on in the last few months to prepare for our own independent examination and professional accreditation will reshape the future of our profession. For those closely involved, it has almost felt like a rebirth. These changes … are vital to us if we are to maintain the integrity and international reputation as an autonomous professional body.”

President’s Message, HK Accountant Nov/Dec 94

 

“Academics in Hong Kong have … not only helped prepare the next generation of accountants by providing quality training and education, but also they have played a major role in developing the body of knowledge encompassing the accountancy profession.”

President’s Message, HK Accountant May/June 94

 

“I will call upon the staunch support of our educational institutions, and we will certainly work closely with our well regarded academics in the coming years because they have a crucial role to play in shaping the future of the profession.”

President’s Statement, (18.10.1994), HKSA Annual Report

 

A strong message will have to be put across to the educational authorities soon to request an increase in resources for the training of accountancy students.”

President’s Message, HK Accountant Sept/Oct 1994

 

COMMUNICATION

High on my agenda as President has been to take the opportunity of meeting members. Apart from attending an almost countless number of public functions, I have particularly enjoyed the monthly informal sandwich lunch gatherings in the Society’s conference room … They have proved to be an excellent forum at which I can listen to members freely express their expectations … It is this kind of uninhibited two-way dialogue that keeps me, and the council, on track in our bid to serve you.”

President’s Statement (18.10.1994), HKSA Annual Report

 

“When something goes wrong, people are very quick to blame the accounting profession for the problem. It’s usually not a fair or accurate charge. We have to tell them that when a crime is committed, you don’t sue the police.”

“Shattering Stereotype” interview by Hong Kong Business, December 1993


 

ELECTION PLATFORM

I. Serve all Accountants

  • Guard our independence and autonomy to accredit, license and self-regulate;
  • Promote wide recognition of our professional qualification and raise our social status both locally and overseas;
  • Cultivate a close working relationship with Hong Kong and Chinese Governments to ensure that the views of Accountants are always fully taken into consideration;
  • Monitor standards of Government services, particularly those provided to Accountants as main users;
  • Encourage greater exchange of views amongst Accountants from different occupations on government and politics;
  • Procure the appointment of more Accountants to sit on boards and committees of government.

II. Serve Accountants in Professional Practice

  • Follow through subsidiary legislations on the incorporation of CPA practices;
  • Encourage greater degree of privatization of government work such as investigation into corruption, fraud and commercial crime, insolvency practice and company inspectorship;
  • Pursue greater flexibility in the opening up of the China market for audit and other accountancy related services;
  • Foster stable supply of better trained accounting personnel to satisfy the demand and modern needs of the profession;
  • Maintain a simple and low tax environment and cautiously explore the possibility of double taxation treaty and other financial incentives to attract foreign businesses to Hong Kong.

III. Serve Accountants in Public Service

  • Urge government to better recognize the full value of our professional qualification and entrust our Accountants in public service with higher job responsibilities such as chief executive officer of trading funds, administrator to exercise financial control over government departments and the judiciary;
  • Press government to inject another eight hundred million dollars into the civil service pension fund on or about 1 July 1997;
  • Encourage greater interaction and in particular, exchange of job experiences between Accountants in the public sector and Accountants in the private sector;
  • Support reasonable financial and fiscal policies of government and help Accountants in Public Service to defend them if required;
  • Promote the improvement of efficiency in public service by more frequent use of commendation, prize and award.

IV. Serve Accountants in Business

  • Urge government to promote and maintain Hong Kong’s relative advantages as well established regional financial and business centre offering many distinct advantages such as, no tax on dividend and capital gain, free and stable foreign exchange, advance global communication network, skilled professionals, bilingual workforce and good knowledge of the China market;
  • Promote good corporate governance and press the recommendation that only professional Accountants be appointed chief financial officer of listed and other regulated corporation;

V. Serve Accountants in Education

  • Support a wide involvement in, and high academic autonomy by, our Accountants in education to train the future generations of professionals;
  • Help in the rationalization of the numerous courses on offer at present and to fit them into a more logical framework for the purpose of attaining professional accreditation;
  • Lobby government, University Grant Committee and Council of academic institutions to set aside more resource for research and to enhance both the quality and quantity of accountancy courses;
  • Support initiatives to enhance education in languages, information technology, communication skills, ethics, and knowledge on the theory and practice of accountancy in China.

VI. Politics

  • Stay impartial and independent of party politics;
  • Objectively state the true position of the accountancy profession at all times staying clear of the influence of others, such as the election platform of a political party, debate issues and stand firm on principles whilst avoiding personal attacks and political bickering;
  • Maintain sound working relationship with all the political forces at play within the Legislative Council to ensure that a fair hearing is given to the views of the accountancy profession free from political party conflicts;
  • Emphasize common grounds amongst politicians with a view to achieving positive, balanced results;
  • Uphold principles of the rule of the law, equality and humanity;
  • Consult adviser group and survey sample membership if in doubt about any controversial issue.

VII. Participation in Wider Community

  • Play a full role in the wider community to match any directly elected Legislative Councillor;
  • Tap my extensive service experience to prepare the young people of Hong Kong to face their future challenges; to defend the rights of minority groups such as disabled persons and to promote a caring society which would provide a comprehensive and strong safety net for those who are less able to help themselves to live a life of dignity.

VIII. Further Pledge

  • Diligently attend committee, working group, interest group and other members functions arranged by HKSA and other organizations of peer Accountants to solicit views;
  • Initiate dialogue with members on a regular basis and promptly respond to communication of members by phone, fax, letter, electronic mail, newsletter, report and forum;
  • Review election platform from time to time and ensure that it is updated on advice received in open consultation.

BRIEF RESUME

Name

:

Eric Li Ka-cheung, BA(Econ) Hon FHKSA FCA CPA JP

 

 

 

Position

:

Senior Partner, LI, Tang, Chen & Co.

 

 

 

Age

:

42

 

 

 

Marital Status

:

Married with one child

 

 

 

Place of Birth

:

Hong Kong

 

 

 

Nationality

:

British Citizen

 

 

 

Education

:

University of Manchester, U.K.
Warwick School, U.K.
St. Paul’s Co-educational College, H.K.

 

 

 

Work Experience

:

Trained and Qualified with Coopers and Lybrand in London from 1975 to 1978
Joined Li, Tang, Chen & Co. in October 1978

 

 

 

Main Public Services

:

Appointed Member, Hong Kong Legislative Council (10/91 to 7/95)
Hong Kong Affairs Adviser
Chairman, Commission on Youth
Chairman, Social Welfare Advisory Committee
Member, Inland Revenue Department Users’ Committee
Member, Health Services Research Committee
Member, Advisory Committee on Corruption
President, Hong Kong PHAB Association
Council Member, Hong Kong Polytechnic University
Trustee, Chinese University of Hong Kong Staff Superannuation Schemes
Executive Committee Member, Business and Professional Federation of Hong Kong
Appointed Member, Eastern District Board (1985-1994)

 

 

 

Recognitions

:

Accountant of the Year Award 1993
Global Leaders For Tomorrow (World Economic Forum 1993)
Non-official Justice of the Peace

 

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