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MONDAY, OCTOBER 5, 1987
IMPORTANCE OF ADEQUATE MANAGEMENT STRESSED
THE NEED FOR ADEQUATE MANAGEMENT IS A KEY ELEMENT OF THE SUPERVISORY FRAME:ORK FOR FINANCIAL INSTITUTIONS, THE ACTING FINANCIAL SECRETARY, MR DAVID NENDICK, SAID TODAY (MONDAY).
SPEAKING AT THE OPENING CEREMONY OF THE MANAGEMENT FESTIVAL AT THE HONG KONG UNIVERSITY, MR NENDICK SAID, "THE NEW BANKING ORDINANCE, FOR INSTANCE, REQUIRES THE COMMISSIONER OF BANKING TO APPROVE ALL APPOINTMENTS OF DIRECTORS AND CHIEF EXECUTIVES TO DEPOSIT-TAKING ENTITIES; SIMILAR PROVISIONS EXIST IN THE INSURANCE ORDINANCE."
HE SAID IN THE COMPETITIVE AND DYNAMIC BUSINESS WORLD THAT EXISTED IN HONG KONG THE MANAGER MUST BE PROPERLY EQUIPPED WITH THE SKILLS OF THE PROFESSION.
IN ADDITION, HE SAID, THE MANAGER NEEDED A FAR GREATER UNDERSTANDING OF THE ECONOMY THAN BEFORE BECAUSE INTER-RELATIONSHIPS BETWEEN DIFFERENT TYPES OF BUSINESS WERE GROWING.
MR NENDICK ALSO STRESSED THE VALUR OF EXPERIENCE GAINED IN EXERCISING THE LEARNT SKILLS 'ON THE JOB'." THAT IS WHY EXPERIENCE IS AN IMPORTANT FACTOR TAKEN INTO ACCOUNT BY THE SUPERVISORY AUTHORITIES WHEN JUDGING WHETHER SOMEONE IS 'FIT AND PROPER TO BE PART OF THE SENIOR MANAGEMENT OF AN INSTITUTION HANDLING THE PUBLIC'S MONEY, HB ADDED.
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FARMERS TOUR DEMONSTRATION LIVESTOCK WASTE FACILITIES
REPRESENTATIVES FROM THE JOINT COMMITTEE OF AGRICULTURAL AND LIVESTOCK KEEPING ASSOCIATION TODAY (MONDAY) TOURED THE DEMONSTRATION LIVESTOCK WASTE TREATMENT FACILITIES AT THE TA KWU LING PIG BREEDING CENTRE AT THE INVITATION OF THE ENVIRONMENTAL PROTECTION DEPARTMENT (EPD).
THE VISIT WAS BPD'S CONTINUING DRIVE ΤΟ PROVIDE LIVESTOCK FARMERS WITH A BETTER UNDERSTANDING OF THE PROPER WAYS AND MEANS TO COMPLY WITH FUTURE CONTROL REQUIREMENTS.
REPRESENTATIVES WERE SHOWN THE DRY MUCK-OUT SYSTEM WHICH REQUIRES FRESH PIG MANURE BE REMOVED FROM THE STY WHILST THE RESIDUAL WASTEWATER IS ALLOWED TO PERCOLATE THROUGH A SOAKAWAY SYSTEM.
/DURING THE