As Hong Kong employers are well aware, the Mandatory Provident Fund Scheme Ordinance provides that any employer that, without reasonable excuse, fails to make a timely payment of mandatory contributions commits an offence and could be fined up to HKD 450,000. Culpable bosses could also face up to four years’ imprisonment. The Mandatory Provident Fund … Continue Reading
Everyone agrees that “fat-cat pay” needs reining in, even Theresa May’s new-look caring Conservatives. This week’s announcement of the Government’s latest corporate governance proposals does not therefore come as much surprise. See the Government’s proposals and our review of them.… Continue Reading
