| Do you want to have a say, in the recent
review of the Companies Ordinance which suggests, amongst
other controversial issues, the waiving of audits for
small companies? Do you feel that you are ready to accept
some statutory responsibilities as auditors in the reporting
of suspected fraud perpetrated by others? Do you want
to take part in the discussions which will decide how
the Mandatory Provident Funds will be managed? How about
getting involved in more general issues such as Corporate
Governance of listed companies, accountability of public
bodies and regulation of the rapidly developing financial
markets ? If you feel concerned by such issues, then you
must also recognize the importance of maintaining a strong
representation of the accounting profession at Legco.
We all know of course that the HKSA Council is doing
a superb job of reflecting the collective views of our
profession . In the present context, these fine efforts
must, more than ever, continue to be supported from
within the constitutional framework. To be truly effective,
our lobbying must benefit from first-hand political
insight as well as input and receive the widest possible
coverage. This is why it is still so important for our
profession to have a representative at Legco.
The functional constituency seat of professional accountants
should never be taken for granted. There are many professions
and functional bodies vying for a seat in Legco and,
believe me, they go to great lengths in their lobbying
efforts. According to the Basic Law, the whole political
structure will be reviewed by year 2007. Our right to
retain a functional constituency seat will, to a great
extent, depend on how much we show that we value this
privilege. In this regard, action speaks louder than
words. Our members' level of participation in the voting
process should therefore reflect our determination to
maintain strong representation.
The disappointing fact is that, in the past, professional
accountants have always had very low voter registration
rates. We were denied a seat in 1985 because the Government
thought that accountants did not care much about public
affairs. In 1988, only 698 members turned out to vote.
No vote was taken in 1991 as the then incumbent member,
Peter Wong, claimed the seat without contest. In 1995,
3,722 accountants registered as voters and 2,134 registered
to vote for the first time in this constituency. Eventually,
2,190 voted in the 1995 election, giving a respectable
voter turnover rate of 58.84%. Despite this significant
increase of 1995 numbers, we should keep in mind and
perhaps be concerned that even in 1995, our overall
registration rate was still the lowest among all the
existing twenty functional constituency!
Set against our total membership of 13,209 (as of 21
October 1997), the present 3,722 registered voters represent
a modest 28% registration rate. It is clear that as
an organised profession, we have a long way to go and
much work to do if we at least want to reach the 1995
average voter registration rate of the twenty functional
constituencies. The 1995 average rate was 54.6%.
Out of our 13,209 members, 4,036 have become members
since 1 June 1995 (the time when the voters register
closed in 1995). Of the 9,171 full members who joined
before 1 June 1995, 441 were considered ineligible voters
probably due to the fact that they had not lived in
Hong Kong for seven years. Given a chance and some encouragement,
I hope this force of young accountants will enthusiastically
respond to the call and register as voters.
There is also a new catch in the rules of the upcoming
1998 election. Some of our existing 3,722 registered
voters may indeed be dropped from the voters register
because of a change in legislation. To be eligible,
our expatriate friends and colleagues must ensure that
they hold a Hong Kong identity card with three stars
(right of abode in Hong Kong). It no longer suffices
to simply prove that you have lived in Hong Kong for
seven years, so please check and make sure that you
qualify.
Those who choose to register with other functional
constituencies rather than accountancy should also check
carefully and make sure that their chosen constituency
has not been abolished or that the make up of the constituency
has not changed. If you have any doubt at all on your
entitlement, please check with the election hotline
2891 1001 or call me anytime at 2827 4336.
So please register. Claim your right to have a say
in your professional practice environment. Show that
we accountants do care. |