Annual Report 2013-14
年報
15
企業管治
Corporate Governance
Governance Framework
The Land Registry strives to achieve the best in corporate governance. To this end, we have established
performance standards based on the cornerstones of accountability, integrity and transparency.
Accountability
The Land Registry is accountable to the Development Bureau (DEVB) and the Financial Services and the
Treasury Bureau (FSTB) for its business and financial performance respectively. We submit a medium range
corporate-cum-annual business plan to the two Bureaux for approval each year. The corporate plan sets out
the blueprint for the department’s development in the next five years, while the business plan serves as the
basis against which our annual performance is evaluated. We meet regularly with the DEVB to review our
business performance. The DEVB also provides policy steer for our work. In addition, we maintain regular
liaison with the FSTB, which monitors our financial performance.
Integrity
Under the Trading Funds Ordinance (Cap. 430) (TFO), we have the flexibility to respond to service needs and
enhance operational efficiency through autonomy in capital investment and the use of resources.
Underpinning this flexibility is the duty to uphold integrity in discharging our responsibilities. All Land
Registry staff conduct daily business in a proper manner in compliance with departmental guidelines and the
relevant Government rules and regulations. The Registry Manager is the Ethics Officer of the Land Registry
overseeing integrity management work in the department. Apart from organising training courses and
workshops, relevant guidelines and circulars on integrity management are promulgated and re-circulated to
staff regularly to raise their awareness in this regard.
Transparency
The Land Registry’s operation is also guided by the principle of transparency. As provided under the TFO,
the Trading Fund’s annual report together with the financial statements audited by the Director of Audit is
required to be tabled in the Legislative Council each year. To help keep the public apprised of our work and
the situation in the property market, we publish statistics on land registration and search on a monthly basis.
We maintain close contact with our customers of the private and public sectors through our regular
Customer Liaison Group meetings. The LTO Steering Committee chaired by the Land Registrar is an
important forum for major stakeholders to consider key issues regarding the amendments to the LTO.
