BCT strongly believes that good corporate governance provides a sound foundation in running a responsible and sustainable organization, and in discharging our fiduciary duties for the protection of the interest of pension plan members and fund investors. BCT is committed to full compliance with relevant laws, regulations, guidelines and codes on all aspects of our business. It is our objective to prevent breaches of statutory and regulatory obligations as an approved trustee and a principal intermediary. BCT cultivates a positive compliance culture to ensure that our colleagues understand their role in meeting these statutory and regulatory obligations. It is this culture that BCT reinforces ethical business standards in conducting all business activities with honesty, integrity and fairness.
In 2018, BCT was one of the MPF trustees which endorsed the Governance Charter for MPF Trustees (“the Charter”) launched by the Mandatory Provident Fund Schemes Authority (“MPFA”). Voluntary in nature, the Charter was developed in recognition of the importance of good governance. The contents of the Charter are consistent with the manners in which we have been operating our MPF schemes and accordingly, we have been upholding and will continue to uphold the following 6 core values as advocated by the charter:
- Value-for-money MPF schemes and services;
- Act in the best interests of members;
- Lift governance standards; Understand and respond to members’ needs;
- Engage members through transparency and communication; and
- Serve with honesty and integrity.
For more information about the Charter, please visit:
Or the MPFA’s website at http://www.mpfa.org.hk
An effective risk management framework is essential to our success and is an integral part of BCT’s culture. While it is necessary to accept a level of risk in achieving business goals, sound risk management measures allow BCT to make the most of each business opportunity, and enables us to be resilient and responsive to the changing business environment. BCT is committed to continuously improving our risk management framework by (1) promoting a culture where risk management is recognized as a core part of daily operation; (2) enhancing systematic identification of risks for this to be an integral part of business planning and resource allocation process; (c) establishing systematic reporting of risks and efficient communication; and (d) coordinating improvement initiatives.