The Chief Executive announced on February 26, 2012 to set up an Independent Review Committee for the Prevention and Handling of Potential Conflicts of Interests. Its terms of reference are as follows:

(a)

To review the existing regulatory frameworks and procedures for the prevention and handling of potential conflicts of interests concerning the Chief Executive, Non-Official Members of the Executive Council, and Officials under the Political Appointment System respectively, including the arrangements for declaration of investments/interests and acceptance of advantage/entertainment/hospitality;

(b)	In light of the review, to make recommendations on the existing frameworks and procedures, including changes and revisions where appropriate; and

(c)	To submit a report with recommendations to the Chief Executive within three months.

The Independent Review Committee for the Prevention and Handling of Potential Conflicts of Interests submitted its Report to the Chief Executive on 31 May 2012 and disbanded. Its Secretariat ceased operation on 8 June 2012. Please click here to see the Report.