XN000022-1992-06-03 — Page 10

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WEDNESDAY, JUNE 3, 1992

UNDER THE PROPOSED BILL, A BOARD OF GOVERNORS WITH 40 MEMBERS WILL BE SET UP AS THE SUPREME GOVERNING BODY OF THE COLLEGE.

A

27-MEMBER COUNCIL WILL ALSO BE SET UP TO SERVE AS THE EXECUTIVE BODY OF THE COLLEGE AND BE RESPONSIBLE FOR ITS MANAGEMENT AND OPERATION.

TO

COUNCIL WILL BE EMPOWERED TO APPOINT AN ACADEMIC BOARD THE REVIEW AND DEVELOP ACADEMIC PROGRAMMES AND SUPERVISE TEACHING, RESEARCH, ADMISSIONS AND EXAMINATIONS.

APART FROM SUBMITTING ITS ESTIMATES AND PROGRAMMES OF ACTIVITIES TO THE CHAIRMAN OF THE UPGC, THE COLLEGE IS ALSO REQUIRED TO SUBMIT ANNUAL REPORTS ON ITS FINANCES AND GENERAL ACTIVITIES TO THE GOVERNOR.

LINGNAN COLLEGE IN HONG KONG WAS FOUNDED IN 1967 BY A GROUP ALUMNI OF THE FORMER LINGNAN UNIVERSITY IN CHINA.

OF

IT WAS FIRST REGISTERED AS A SCHOOL AND BECAME AN APPROVED POST-SECONDARY COLLEGE IN 1978.

FOLLOWING A REVIEW ON THE COLLEGE BY THE UNITED KINGDOM COUNCIL FOR NATIONAL ACADEMIC AWARDS, IT WAS CONCLUDED THAT THE COURSES IT OFFERED WERE EQUIVALENT IN STANDARD TO THOSE OFFERED BY SOME TERTIARY INSTITUTIONS FUNDED BY THE UPGC.

THE

"THE

UPGRADING OF THE COLLEGE MAY BE SEEN AS A RECOGNITION OF REMARKABLE WORK OF ITS FOUNDERS AND SUCCESSIVE GENERATIONS OF

STAFF AND STUDENTS, MR CHAN SAID.

DEBATE ON THE BILL WAS ADJOURNED.

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WORK OF SFC PRAISED

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THE SECURITIES AND FUTURES COMMISSION (SFC) HAS ACHIEVED MUCH SINCE IT WAS ESTABLISHED IN MAY 1989, THE FINANCIAL SECRETARY, THE HON HAMISH MACLEOD, SAID IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).

TABLING THE SECURITIES AND FUTURES COMMISSION 1991/92 ANNUAL REPORT, MR MACLEOD SAID IT WAS LARGELY THANKS TO ITS EFFORTS THAT WE HAD IN PLACE AN EFFECTIVE AND EFFICIENT REGULATORY FRAMEWORK WHICH WAS FULLY UP TO THE STANDARDS EXPECTED OF AN INTERNATIONAL FINANCIAL CENTRE.

HE SAID AS IN PREVIOUS YEARS, MUCH OF THE WORK OF SFC FOCUSED ON REFINEMENTS TO THE REGULATORY FRAMEWORK OF THE SECURITIES MARKETS.

/"THE MOST

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